Advisers Act

SEC Proposes Significant Amendments to Advertising and Solicitation Rules
NCA Compliance Resources

SEC Proposes Significant Amendments to Advertising and Solicitation Rules

The SEC announced yesterday that it voted to propose amendments to update and modernize rules under the Investment Advisers Act of 1940 (“Advisers Act”) relating to advertising and payments to solicitors. Amendments are also proposed to Form ADV, the investment advisor registration form, and the books and records rule to reflect the changes proposed to the advertising and cash solicitation rules.

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November 5, 2019
SEC ADOPTS FORM CRS AND OTHER RULES
NCA Compliance Resources

SEC ADOPTS FORM CRS AND OTHER RULES

The SEC adopted today a number of rulemakings and interpretations focused on bringing greater quality and transparency to the relationships between retail investors and investment advisors and broker-dealers. Of special interest to investment advisors is a new Form CRS Relationship Summary and an interpretation under the Investment Advisers Act of 1940 regarding the fiduciary duty of investment advisors.   

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June 6, 2019