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Category: Client Alerts

SEC Proposes Due Diligence and Monitoring Rule for Investment Advisers
Comment Period Ends December 27, 2022

Fri 18 Nov, 2022  /  by C. Dirk Peterson   /   Client Alerts

DOWNLOAD PDF INTRODUCTION The Securities and Exchange Commission (“SEC” or “Commission”) proposed new rulemaking, Rule 206(4)-11 under the Investment Advisers Act of 1940 (“Act”), to require investment advisers to perform a diligence review of and periodically monitor certain outsourced services and service vendors.1 Proposed Rule 206(4)-11 prescribes four basic regulatory […]

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SEC Modernizes Records Preservation By Registered Broker-dealers

Sat 05 Nov, 2022  /  by C. Dirk Peterson   /   Client Alerts

DOWNLOAD PDF SEC ELECTRONIC RECORDS PRESERVATION RULE – RULE 17a-4(f) Amendments to the preservation of records storage prescribed by Rule 17a-4(f) and related undertakings under the Securities Exchange Act of 1934 (“Exchange Act”) become effective January 3, 2023, with a compliance date of May 3, 2023. These recent amendments modernize […]

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SEC’S Marketing Rule Compliance Date – November 4, 2022

Tue 25 Oct, 2022  /  by C. Dirk Peterson   /   Client Alerts

DOWNLOAD PDF SEC MARKETING RULE – RULE 206(4)-1 In December 2020, the SEC materially reformed rules governing the marketing practices of investment advisers, including rules governing an adviser’s fund-raising efforts for private investment funds – funds excluded from regulation under the Investment Company Act of 1940 (“1940 Act”).1 NOVEMBER 4 […]

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