News & Resources

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 […]

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 […]

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 […]

McIntyre & Lemon submitted a comment letter on behalf of certain portfolio-management clients to address the SEC’s recently proposed dealer rules and the potential for them to capture portfolio-management firms. Click here to review the comment letter.

McIntyre & Lemon submitted a comment letter today to address the SEC’s recently proposed dealer rules. We submitted comments on behalf of a constituency of professional equity trading firms that could be affected by a proposed expansion of dealer registration and regulation to reach exempt securities traders. Click here to […]