• Rulemaking Petition by NYC Bar Ass'n re: Advisers' Retention and Production of E-Mail
  • July 12, 2005
  • Law Firm: Reed Smith LLP - Pittsburgh Office
  • By letter dated May 11, 2005, the Committee on Investment Management Regulation of the Association of the Bar of The City of New York (the "Committee") has petitioned the SEC to provide greater written guidance, through the public rulemaking process, on the obligation of investment advisers to retain and produce e-mail. The Committee made this request "because it has serious concerns about how the Commission and its staff have used the inspection and enforcement process to implement Rule 204-2 under the Investment Advisers Act in relation to e-mail."