Due to overwhelming number of questions and apparent confusion among many federally registered investment advisers, we’ve prepared a complimentary white paper exploring the new custody rule of the United States Securities and Exchange Commission (“SEC”). This white paper provides details regarding the definition of custody, examples of custody and requirements under the new SEC rule. To obtain a copy of our white paper, please click here.
We are also encouraging chief compliance officers of investment adviser firms to review the SEC’s recently updated set of frequently asked questions related to the SEC’s new custody rule. Prior to the recent update on March 5, 2010, the SEC’s Division of Investment Management last updated the FAQs in 2005. In order to review the updated FAQs, please click here.
Finally, you can learn more about the SEC’s new custody rule, best practices for complying with the rule and ways to avoid being deemed to have custody by attending our webinar on Thursday, March 25 at 12:00 p.m. Central. This webinar will focus specifically on how the rule applies to pooled invest vehicles and investment advisers operating a qualified custodian or broker-dealer.
Posted by Bryan Hill