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Financial Services Law Insights and Observations

Indiana provides broker-dealers with relief from branch examination regulation

State Issues Covid-19 Indiana Broker-Dealer Examination

State Issues

On July 13, the Indiana Secretary of State, Securities Division, issued a compliance alert providing temporary relief from annual branch examination requirements. In light of the restrictions on travel caused by the pandemic, broker-dealers are not required to conduct an annual compliance examination in each branch office located in Indiana. However, a firm with the ability to conduct a remote branch examination during 2020 is encouraged to do so. Registrants are also reminded of their obligation to properly supervise agents and employees. 

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