INVESTMENT ADVISERS—SEC proposes new oversight req - 27 October 2022
SEC Chair Gensler supports the new oversight requirements but Commissioner Peirce questions the necessity of a rulemaking that reconfirms the incontrovertible fact that an advisers fiduciary duty is not terminated by outsourcing.
The SEC has proposed a new rule and rule amendments under the Investment Advisers Act of 1940 which will prohibit registered investment advisers from outsourcing certain services or functions without first meeting min
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