Notice 1 May 2025 compliance, sec, financial regulation, investment advisers, client custody

💼SEC Proposed Rule 206(4)-2 Collection Comment Request

The SEC notifies about the proposed extension of information collection under Rule 206(4)-2, governing the custody of client funds by registered investment advisers. It highlights key compliance requirements, including maintaining custody with qualified custodians and conducting surprise asset examinations, to enhance protection for advisory clients.

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