Iowa HSB514 mandates the commissioner of insurance as a respondent in expungement proceedings for investment adviser records.
Iowa HSB514 modifies the process for expungement of information in the investment adviser registration depository. The bill specifies that the commissioner of insurance must be named as a respondent in any proceeding to expunge information, while an investment adviser who reported the information may also be named as a respondent. This change aims to ensure the commissioner's involvement in expungement proceedings.
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