Iowa SSB3056 amends the process for expunging information in the investment adviser registration depository by specifying respondents in such.

Iowa SSB3056 modifies the procedure for expunging information in the investment adviser registration depository. Currently, either the commissioner of insurance or the investment adviser who reported the information can be named as respondents in an expungement proceeding. The bill changes this to require the commissioner of insurance to be named as a respondent, while allowing the investment adviser registration depository to also be named as a respondent. This change aims to clarify and potentially expand the parties involved in expungement proceedings.

Iowa SSB3056 amends the process for expunging information in the investment adviser registration depository by specifying respondents in such.

Iowa SSB3056 modifies the procedure for expunging information in the investment adviser registration depository. Currently, either the commissioner of insurance or the investment adviser who reported the information can be named as respondents in an expungement proceeding. The bill changes this to require the commissioner of insurance to be named as a respondent, while allowing the investment adviser registration depository to also be named as a respondent. This change aims to clarify and potentially expand the parties involved in expungement proceedings.