SB1866 amends Tennessee's investment adviser and broker-dealer regulations, including exemptions, court appointments, and notice requirements.

SB1866 amends Tennessee's investment adviser and broker-dealer regulations by adding exemptions for certain individuals from the definition of an investment adviser or representative. It also modifies court procedures by allowing the commissioner to be appointed as a receiver or conservator upon request. Additionally, the bill changes the conditions under which a private right of action can be brought and modifies notice requirements for actions related to the expungement of customer dispute information from the Central Registration Depository system.

SB1866 amends Tennessee's investment adviser and broker-dealer regulations, including exemptions, court appointments, and notice requirements.

SB1866 amends Tennessee's investment adviser and broker-dealer regulations by adding exemptions for certain individuals from the definition of an investment adviser or representative. It also modifies court procedures by allowing the commissioner to be appointed as a receiver or conservator upon request. Additionally, the bill changes the conditions under which a private right of action can be brought and modifies notice requirements for actions related to the expungement of customer dispute information from the Central Registration Depository system.