New Hampshire Gov John Lynch has signed Senate Bill 111, a bill that will simplify disclosure requirements for financial advisors who advertise via television commercials, radio commercials or billboards.[@@]
Enactment of the new law eliminates the need for advisors to clutter general advertising with long disclosure statements that relate to the advisors’ broker-dealer relationships.
Previously, state securities officials had taken action against advisors who did not includee the broker-dealer disclosures in general advertisements, including billboard and television ads that related to the sale of insurance products.
The lead sponsor of S.B. 111 was state Sen. Robert Boyce, R-Alton, N.H. The bill drew bipartisan support, and Lynch, who signed it into law, is a Democrat.