• SEC Proposes Changes to the Adviser Custody Rule
  • June 3, 2003
  • Law Firm: Stradley Ronon Stevens & Young, LLP - Office
  • On July 18, 2002, the U.S. Securities and Exchange Commission (the "Commission") proposed amendments to Rule 206(4)-2 (the "Custody Rule") under the Investment Advisers Act of 1940, as amended. The amendments incorporate into the Custody Rule no-action positions of the Commission, attempt to enhance investor protection, and conform the Custody Rule to modern custodial practices by removing unnecessary regulatory requirements.