Securities and Exchange Commission Proposes To Amend Investment Adviser Custody Rule

The Securities and Exchange Commission is proposing to amend its "custody rule" under the Investment Advisers Act of 1940. This proposal is coming in the aftermath of a number of well publicized enforcement actions by the Commission against investment advisers, including Bernard Madoff and Stanford Group Company.

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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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