SEC’s New Ad Rule Is Advisors’ Top Compliance Challenge: Poll

September 13, 2021 by Melanie Waddell

Registered investment advisors view the Securities and Exchange Commission’s new marketing and advertising rule as the “hottest” compliance topic this year, with the second-hottest being cybersecurity, according to a recently released Investment Adviser Association poll.

IAA’s 2021 Investment Management Compliance Testing Survey, conducted with ACA Compliance Group, also found that firms would like the SEC to conduct investor testing on its Customer Relationship Summary Form, or Form CRS, and that the agency should conduct a comprehensive review and rewrite of the Custody Rule, Rule 206(4)-2 under the Advisers Act.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on September 10, 2021 by Melanie Waddell.