The Dodd-Frank Act has passed at least one test, as the North American Securities Administrators Association announced that there was “little difference in the type or frequency of deficiencies between existing state investment and those advisers who switched from federal to state oversight.” Without getting into the quality of existing regulations or the Dodd-Frank Act, an entirely different discussion, this shows that regulators have done a good job of communicating changes to advisers forced to make the switch. “This demonstrates that states and NASAA worked hard to inform and educate switching advisers before and during the switch,” said Heath Abshure,…