H-0947.1                  _______________________________________________

                                                      HOUSE BILL 1563

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State of Washington                              53rd Legislature                             1993 Regular Session

By Representatives R. Johnson and Zellinsky

Read first time 02/01/93.  Referred to Committee on Financial Institutions & Insurance.

Restricting investment adviser advertising.

          AN ACT Relating to investment advisers; and adding a new section to chapter 21.20 RCW.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

NEW SECTION. Sec. 1.  A new section is added to chapter 21.20 RCW to read as follows:

          For the purposes of this chapter, a person does not hold himself or herself out as an investment adviser by using the designation "CHFC" in an advertisement, on a card or letterhead, or otherwise.

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