SEC settles first enforcement action under new Marketing Rule; charges relate to misleading hypothetical performance in advertisements and several other compliance failures.
The IAA has launched a number of initiatives to assist members with understanding and implementing the new Investment Adviser Marketing Rule – and we are encouraging interested members to join our newly created Marketing Implementation Group.
A Massachusetts-based investment adviser is paying $1 million to settle SEC charges of providing misleading marketing materials related to a private fund and failing to follow its compliance policies and procedures.
The proposed amendments, if adopted, would make significant changes to the Advertising Rule affecting private fund managers, including managers of hedge funds and private equity funds.
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