Among the new rules in the New Year are those on large investment advisers.
Massachusetts Secretary of State William Galvin will soon start regulating all investment advisers who manage assets between $25 and $100 million.
Galvin says the regulatory responsibility shifted from the federal government to the state under the Wall Street Reform Act.
"We certainly want to make the public aware that if they have problems — and up until now their investment advisers were under the exclusive jurisdiction of the [Securities and Exchange Commission] — that they can come to see us," Galvin said.
Galvin has hired extra investigators, and is training his staff on the changes.
This program aired on January 2, 2012. The audio for this program is not available.