Statement On Private Fund Advisers, SEC Chair Gary Gensler, Aug. 23, 2023 mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.
<p><span>Thank you, Chair Gensler. Safeguarding client assets is at the heart of investor protection. Accordingly, I had anticipated supporting a proposal to amend the custody rule, which, after fourteen eventful years, deserves another update. Significant aspects of the proposed approach and its implementation timeline, however, raise such great questions about the rule’s workability and breadth that I cannot support today’s proposal. I look forward to hearing from my colleagues today and from commenters during the comment period and hope that I can support the final safeguarding rule.</span></p>
Today [February 9, 2022], the Commission is considering rules and amendments under the Investment Advisers Act to improve the efficiency, competition, and transparency of the activities of private funds’ advisers. I support this proposal because, if adopted, it would help investors in private funds on the one hand, and companies raising capital from these funds […]
Clock starts ticking on November 2022 compliance for SEC ad rule
The 430-page rule updates the agency s marketing oversight for the first time since 1961 and applies to social media communications.
March 8, 2021 2 MINS
Investment advisers registered with the Securities and Exchange Commission have until November 2022 to comply with the agency’s new marketing rule. But that doesn’t mean they can relax, because compliance will be a heavy lift that should start now, experts said.
The new regulation replaces the advertising rule that had been in place since 1961, as well as a rule on payments to solicitors that was established in 1979.
The final marketing rule which allows testimonials, endorsements and third-party ratings as long as they comply with anti-fraud protections and other conditions contains principles-based provisions that can apply to social media communications. The previous rule centered on written communications, television and radio a