SEC Renewed Action on Hedge Clauses
By EsqSocial Corporation 14/02/25
Hedge clauses are provisions in investment advisory agreements that aim to limit an adviser’s liability for certain actions or outcomes. The U.S. Securities and Exchange Commission (the “SEC”) has expressed the position that such clauses can mislead clients into thinking they cannot exercise their legal rights and improperly infer or suggest that clients have waived non-waivable causes of action....
By: Winstead PC