2 Apr 2025
📉SEC Notice to Cancel Registrations of Non-Compliant Advisers
Notice of Intention To Cancel Registrations of Certain Investment Advisers Pursuant to Section 203(H) of the Investment Advisers Act of 1940
Summary
The SEC announces its intent to cancel the registrations of certain investment advisers under Section 203(h) of the Investment Advisers Act of 1940. This decision arises from findings that some registrants are no longer in business or have not fulfilled their regulatory obligations. Interested parties may request a hearing on these cancellations before April 22, 2025.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC’s intention to cancel registrations of certain investment advisers indicates regulatory compliance failures, impacting existing businesses and executives in the investment advisory sector. Companies not in compliance will need to ensure proper registration or face enforcement action.