In “Small Indexers Gird for Potential SEC Rule,” Ignites turned to investment management counsel and former Securities and Exchange Commission (SEC) attorney Walé Oriola for commentary on a potential rule that would make certain index providers, model portfolio providers and pricing services register as investment advisers.
According to Oriola, the SEC is likely looking to regulate bespoke indexes over plain vanilla. He added that general indexes with no subjective input largely available to the public are considered exempt from adviser registration under the publisher’s exclusion.
The full article is available for Ignites subscribers.
