• SEC Adopts Rule Defining "Family Offices" Under the Investment Advisers Act of 1940
  • July 11, 2011 | Author: Albert S. Dandridge
  • Law Firm: Schnader Harrison Segal & Lewis LLP - Philadelphia Office
  • On June 22, 2011, the Securities and Exchange Commission (“SEC”) approved a new rule to define “family offices” that are to be excluded from the Investment Advisers Act of 1940. The rulemaking stems from the Dodd-Frank Wall Street Reform and Consumer Protection Act.