On December 22, 2020, the Securities and Exchange Commission adopted amendments to modernize and consolidate the rules under the Investment Advisers Act of 1940 addressing investment adviser advertisements and payments to solicitors. This Sidley Update provides a summary of the amendments, highlighting where the final rule deviates from the prior rules and the November 2019 proposed amendments.
Sidley Austin LLP provides this information as a service to clients and other friends for educational purposes only. It should not be construed or relied on as legal advice or to create a lawyer-client relationship.
Attorney Advertising - For purposes of compliance with New York State Bar rules, our headquarters are Sidley Austin LLP, 787 Seventh Avenue, New York, NY 10019, 212.839.5300; One South Dearborn, Chicago, IL 60603, 312.853.7000; and 1501 K Street, N.W., Washington, D.C. 20005, 202.736.8000.