• SEC Proposes Amendments to Form ADV
  • April 2, 2008
  • Law Firm: Reed Smith LLP - Office
  • On March 4, 2008, the U.S. Securities and Exchange Commission ("SEC") issued a Release proposing amendments to Form ADV, and related rules under the Investment Advisers Act of 1940 ("Advisers Act"), which would, if adopted, require a registered investment adviser to deliver to most clients and prospective clients a clear, current and more meaningful disclosure brochure (and, for certain clients, brochure supplements) written in plain English.