New RIA Marketing Rule Impacts Solicitor Relationships

March 23, 2021Legal AlertsAdvertising Rule -RIA, SEC, SolicitorDaniel LeGaye

As noted in our earlier articles, the reforms made to the Investment Advisers Act of 1940 (“Act”) that were adopted by the Securities and Exchange Commission (“SEC”) to modernize rules that govern investment adviser adverting, also impacted testimonials, endorsements, and integrated solicitor activities into that rule (collectively the “Rule”). This article focuses specifically on the … Continue reading New RIA Marketing Rule Impacts Solicitor Relationships →

OCIE Issues Guidance on Cash Solicitation Rule for RIAs

November 30, 2018Legal AlertsInvestment Adviser, SolicitorDaniel LeGaye

The Securities and Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) has issued a Risk Alert to provide investment advisers with information concerning the most common deficiencies the staff has cited relating to Rule 206(4)-3 (“Cash Solicitation Rule”) under the Investment Advisers Act of 1940 (“Advisers Act”). The Risk Alert includes observations by … Continue reading OCIE Issues Guidance on Cash Solicitation Rule for RIAs →