The SEC Adopts a Modernized Marketing Rule and the Testimonial Prohibition is No Longer
By EsqSocial Corporation 31/12/20
On December 22, 2020, the Securities and Exchange Commission (SEC) released an amended, “modernized” Rule 206(4)-1 of the Investment Adviser’s Act of 1940 (the “Marketing Rule”) citing advancements in technology, changes in investors’ expectations, and the diversification of the investment advisory industry....
By: Bressler, Amery & Ross, P.C.