• SEC Adopts New Amendments To The Custody Rule Under The Investment Advisers Act Of 1940
  • December 6, 2003 | Author: Jeffrey T. Skinner
  • Law Firms: Kilpatrick Stockton LLP - Atlanta Office ; Kilpatrick Stockton LLP - Winston-Salem Office
  • Effective November 5, 2003, the Securities and Exchange Commission adopted amendments to Rule 206(4)-2 under the Investment Advisers Act of 1940 (the "Advisers Act"), which governs the custody of client funds and securities by investment advisers. The rule amendments include substantial changes to the custody rule, most of which should be well received by the investment management community.