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Risk Alert Endorsements Rating Agencies

Vedder

SEC Staff’s Latest Marketing Rule Risk Alert Highlights Observations Regarding Testimonials and Endorsements and Third-Party...

Vedder on

On December 16, 2025, the SEC’s Division of Examinations issued its latest risk alert regarding Rule 206(4)-1 under the Investment Advisers Act of 1940, known as the Marketing Rule. Following the examination staff’s September...more

Nelson Mullins Riley & Scarborough LLP

“Marketing Rule” Risk Alert for Investment Advisers: SEC Flags Testimonials, Endorsements, and Third-Party Ratings

On December 16, 2025, the U.S. Securities and Exchange Commission Division of Examinations issued a new Risk Alert providing guidance to registered investment advisers (“RIAs” or “advisers”), investors, and other market...more

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