SEC staff releases guidance relaxing certain aspects of marketing and fundraising
By EsqSocial Corporation 01/04/25
The Division of Investment Management of the U.S. Securities and Exchange Commission (the SEC) released new guidance on March 19, 2025 that replaces and relaxes prior guidance for registered investment advisers (RIAs) with respect to displaying gross (but not net) extracted performance in an advertisement under the Marketing Rule, as adopted under the U.S. Investment Advisers Act of 1940 (the Advisers Act). The SEC staff’s new guidance with respect to Marketing Rule compliance follows the...
By: Hogan Lovells