Internet, Securities and Exchange Commission (SEC), Investment Adviser

The SEC Limits the Internet Adviser Exemption

K&L Gates LLP on 4/17/2024

Brief Overview - On 27 March 2024, the US Securities and Exchange Commission (SEC) adopted amendments (the Amendments) to Rule 203A-2(e) under the Investment Advisers Act of 1940 (Advisers Act). Rule 203A-2(e) is commonly...more

SEC Modernizes Internet Adviser Rule

White & Case LLP on 4/9/2024

On March 27, 2024, the Securities and Exchange Commission ("SEC") adopted amendments to the rule allowing internet-based investment advisers to register with the SEC instead of with states (the "internet adviser exemption")....more

AI Legal News Summer Roundup: Edition 3

White & Case LLP on 8/10/2023

Welcome to the third edition of our AI Legal News Summer Roundup! After five class actions were filed between June 28 and July 11 (as reported on in our first edition of this series), on July 21, another class action lawsuit...more

Investment Services Regulatory Update - July 2018

Vedder Price on 8/6/2018

New Rules, Proposed Rules, Guidance and Alerts - PROPOSED RULES - SEC Proposes New Rule to Permit Certain ETFs to Operate Without an Exemptive Order - On June 28, 2018, the SEC issued a proposed new rule under the...more

SEC Adopts New Rule to Allow Internet Availability of Investment Company Shareholder Reports

Dechert LLP on 6/30/2018

The U.S. Securities and Exchange Commission (SEC or Commission) has adopted new Rule 30e-3 under the Investment Company Act of 1940 (1940 Act)1 that provides an optional “notice and access” method to allow certain registered...more

"SEC Issues New Guidance for Investment Advisers Regarding Use of Social Media Testimonials"

Skadden, Arps, Slate, Meagher & Flom LLP on 5/21/2014

On March 31, 2014, the Division of Investment Management (the “Division”) of the Securities and Exchange Commission (the “SEC”) issued long-awaited guidance regarding investment advisers’ use of public commentaries on social...more