Iowa SF2147 amends the law to require the commissioner of insurance to be named as a respondent in expungement proceedings for investment adviser.

Iowa SF2147 modifies the process for expungement proceedings in the investment adviser registration depository. Specifically, it mandates that the commissioner of insurance must be named as a respondent in such proceedings. Previously, the commissioner or the investment adviser could be named as a respondent. Now, the commissioner shall be named, and the investment adviser may still be named as a respondent. This change aims to clarify and strengthen the role of the commissioner in these proceedings.

Iowa SF2147 amends the law to require the commissioner of insurance to be named as a respondent in expungement proceedings for investment adviser.

Iowa SF2147 modifies the process for expungement proceedings in the investment adviser registration depository. Specifically, it mandates that the commissioner of insurance must be named as a respondent in such proceedings. Previously, the commissioner or the investment adviser could be named as a respondent. Now, the commissioner shall be named, and the investment adviser may still be named as a respondent. This change aims to clarify and strengthen the role of the commissioner in these proceedings.