Notice
2 Jul 2025
sec, regulatory compliance, investment advisers, information disclosure, client relations
📄SEC Rule 204-3
The SEC has submitted a request for an extension of Rule 204-3, which mandates investment advisers to provide specific brochures and updates to clients at the start and annually during their advisory relationship. This rule aids clients in decision-making and assists the SEC in regulatory enforcement. Compliance with this rule represents a significant operational requirement for advisers.
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