May 2017

Regulatory Monitor: SEC Update

By Joshua B. Deringer and Jay S. Fitton

Philadelphia partner Josh Deringer and senior attorney Jay Fitton authored an article in The Investment Lawyer titled, “Regulatory Monitor: SEC Update.” The article discussed the guidance issued by the SEC Division of Investment Management on Rule 206(4)-2 (the custody rule) of the Investment Advisors Act of 1940.

The guidance provided clarity regarding three situations where questions have arisen about whether an advisor has custody of client assets. It also highlights the complexity of the custody rules, and the need for advisers to pay close attention to their arrangements regarding client assets to determine if changes are required to remain in compliance.

Read “Regulatory Monitor: SEC Update.”

Related Legal Services

Related Industries

The Faegre Baker Daniels website uses cookies to make your browsing experience as useful as possible. In order to have the full site experience, keep cookies enabled on your web browser. By browsing our site with cookies enabled, you are agreeing to their use. Review Faegre Baker Daniels' cookies information for more details.