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VA HB479

Bill

Official Source

Status

Enrolled

3/12/2026

Primary Sponsor

Dan Helmer

Click for details

Origin

House of Delegates

2026 Regular Regular Session

AI Summary

  • Amends Virginia Code § 13.1-515 to allow state-registered investment advisors to use advertisements containing client testimonials and endorsements
  • Requires that such advertisements comply with federal standards under § 206(4)-1 of the Investment Advisers Act of 1940
  • Authorizes the State Corporation Commission to require filing of advertisement copies, subject to federal Investment Advisers Act limitations
  • Aligns Virginia's advertising rules for state-registered investment advisors with those already permitted for federally-covered advisors

Legislative Description

Securities Act; investment advisor advertising.

Last Action

Governor's Action Deadline 11:59 p.m., April 13, 2026

3/14/2026

Committee Referrals

Commerce and Labor2/5/2026
Labor and Commerce: Subcommittee #11/19/2026
Labor and Commerce1/12/2026

Full Bill Text

No bill text available