NY — State Compliance Guide

New York State-Registered RIA Compliance

Compliance resources and tools tailored for state-registered investment advisors in New York.

Risk-based
Exam Cycle
4
Key Regulations
$200
IA Firm Fee

Regulatory Authority

New York Attorney General — Investor Protection Bureau

Exam frequency: Risk-based, varies by firm profile

New York advisers with $25M–$100M AUM must register with the SEC, not the state.

IA Firm Registration Fee
$200 initial / $200 renewal
IAR Registration Fee
$200 initial / $200 renewal

Fee data: IARD IA Firm Fee Schedule (11/1/2025), IAR Fee Schedule (3/6/2026)

Key New York Compliance Requirements

State-specific regulations that New York RIAs must follow.

Martin Act (General Business Law Art. 23-A)
GBL §359-eee IA Registration
No surety bond program — net capital only
Advisers with $25M–$100M AUM register with SEC, not state

NASAA Model Rules

NASAA has adopted model rules covering custody, books & records, ethics, marketing, and more. Individual state adoption varies.

NASAA model rule adoption varies by state and is governed by each state's securities regulations. For New York-specific adoption status, consult the New York Attorney General — Investor Protection Bureau. For verified adoption data across all states, see our State Adoption Tracker.

New York Exam Preparation

Be ready when your state examiner schedules an inspection.

Document Preparation

Ensure all required books, records, and compliance documentation are organized and accessible.

Compliance Program Review

Verify your written compliance policies address all state-specific requirements.

Staff Training Records

Maintain documentation of ongoing compliance training for all advisory personnel.

Regulatory Filings

Confirm all state registration filings, amendments, and renewals are current.

Ready to simplify New York compliance?

Compliance Approved helps New York state-registered RIAs stay compliant with automated tracking and documentation.