SEC Considering a New Form ADV Part 2 at Its February 13th Meeting

February 07, 2008

The U.S. Securities and Exchange Commission (“SEC”) announced today that the SEC Commissioners will consider at the SEC’s open meeting on February 13, 2008 whether to propose amendments to the Part 2 of the Form ADV under the Investment Advisers Act of 1940.

According to the SEC’s announcement, “[t]he proposed amendments, if adopted, would require investment advisers to provide clients with narrative brochures containing plain English descriptions of the advisers’ businesses, services, and conflicts of interest. The proposal also would require advisers to electronically file their brochures with the Commission, and the brochures would be available to the public through the Commission’s Web site.”

Upon the SEC’s public release of this proposal, RIA Compliance Consultants will post a summary and analysis of the proposed amendments. Stay tuned.

Posted by Bryan Hill
Labels: Form ADV, SEC