The SEC set a comment deadline of October 2, 2023, for proposed amendments to exemptions from the prohibition on Commission registration for certain investment advisers that provide advisory services through the internet.
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The SEC proposed amendments to exemptions from the prohibition on Commission registration for certain investment advisers that provide advisory services through the internet.
At an SEC Investor Advisory Committee meeting, regulators, academics and market participants examined (i) the disparity in growth between the private and public markets, (ii) oversight of investment advisers and related custody rules, and (iii) a recent rule proposal regarding open-end fund liquidity risk management and swing pricing.
In its annual report, the SEC Office of the Advocate for Small Business Capital Formation offered recommendations to improve capital raising for entrepreneurs and investors.
SEC Director of Investment Management William Birdthistle cautioned broker-dealers that receive cash payments for research from European asset managers that they may be required to register as investment advisers when the SEC's MiFID II no-action letter expires in July 2023.