New Mexico Investment Adviser Withdrawal is a process that allows Registered Investment Advisers (Bias) to request termination of their registration with the New Mexico Securities Division. The process requires the submission of a completed application, a signed withdrawal agreement, and payment of a $50 fee. There are two types of withdrawal available: voluntary and involuntary. Voluntary withdrawal is initiated by the RIA and can occur at any time without cause. Involuntary withdrawal occurs when the New Mexico Securities Division determines that the RIA has violated state securities laws and orders the RIA to withdraw its registration. In either case, the RIA must provide all clients, custodians, and partners with a written notice of the withdrawal.