SEC Intends to Increase Assets Under Management and Net Worth Thresholds for “Qualified Clients”
The SEC intends to make inflation adjustments to the assets-under-management and net worth tests in the Advisers Act rule regarding performance-based fees.
April 03, 2026
Hedge Clauses Under the SEC Microscope, Again
SEC scrutinizing the use of hedge (liability limiting) clauses in retail advisory agreements with clients.
February 17, 2026
The SEC announced enforcement actions against two advisers in connection with hedge clauses, assignment, and custody language in advisory agreements.
January 29, 2026
Firms consider the use of hedge clauses in advisory agreements, which are commonly used contractual provisions limiting an adviser’s liability to its clients.
February 20, 2025
SEC Committee Discusses Arbitration, Alternative Assets, and Finfluencers
The SEC’s Investor Advisory Committee discussed arbitration clauses, retail investor access to alternative assets, and financial influencers.
December 13, 2024
SEC Enforcement Case Calls into Question Hedge Clauses in Retail Advisory Contracts
This case has potentially significant ramifications for advisers to retail clients who have hedge clauses in advisory contracts.
January 14, 2022
SEC Updates Performance Fee Rule to Remove Specific Dollar Amounts
The SEC has amended the rule that allows advisers to charge performance-based fees to qualified clients, to remove specific dollar amounts.
November 22, 2021
Increases in AUM, Net Worth Thresholds for Qualified Clients Effective Aug. 16
The inflation adjustments that increased the assets-under-management and net worth tests in the definition of “qualified client” under the Advisers Act became effective as of August 16, 2021.
August 24, 2021
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