Investment Advisers
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The Securities Division filed a Notice of Repeal with the Code Reviser’s Office on March 20, 2019 to repeal the following interpretive and policy statements under the Securities Act of Washington, Chapter 21.20 RCW:

  • Securities Act Interpretive Statement IS-21: Performance Standards in Advertisements
  • Securities Act Policy Statement PS-21: Advisory Fee Billing Information

The Securities Division recently adopted amendments to the investment adviser rules set forth in Chapter 460-24A WAC that address the same subject matter as IS-21 and PS-21. Therefore, IS-21 and PS-21 were no longer necessary.

If you have any questions, please contact Jill Vallely by telephone at (360) 902-8801 or by e-mail at