SEC Issues Final Amendments To Investment Adviser Custody Rules

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On December 30, 2009, the Securities and Exchange Commission (“SEC”) issued a release containing final rules with respect to its adoption on December 16, 2009 of amendments to the custody and recordkeeping rules under the Investment Advisers Act of 1940 (the “Advisers Act”) and related forms (collectively, the “Amendments”). The Amendments are designed to provide additional safeguards under the Advisers Act when a registered investment adviser has custody of client funds or securities.

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Published In: General Business Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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