Custody Rule Archives - NCA Compliance, Inc.

SEC Proposes Changes to Custody Rule

In February, the SEC announced a proposal to significantly revise Rule 206(4)-2 (the “Custody Rule”) to help provide additional protections to client assets. Specifically, under the proposal, the Custody Rule…

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March 12, 2023

NCA Compliance Resources

ALERT: SEC No-Action Letter on SLOA Arrangements and the Custody Rule

The SEC recently issued a no-action letter (Investment Adviser Association, February 21, 2017) that provides clarification regarding whether an investment advisor acting on a standing letter of authorization ("SLOA") has custody under the Advisers Act.

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February 22, 2017

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