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Investment Advisors Brace for Influx of New Rules and Regulatory Changes

Posted on August 31st, 2023 at 1:08 PM
Investment Advisors Brace for Influx of New Rules and Regulatory Changes

From the desk of Jim Eccleston at ÍøÆØ³Ô¹Ï 

The Securities and Exchange Commission's (SEC) announcement in May 2021 about enforcing a landmark marketing rule, approved by the agency the previous December, caused a considerable stir among investment advisers.

According to InvestmentNews, the 430-page rule marked the first significant overhaul since 1961.

Worse, many advisors now find that the stress caused by the marketing rule was just the warm-up for what is to come. The Investment Adviser Association foresees the SEC's approval of numerous final rules, spanning hundreds of pages, which will take effect from January through the early Fall. This initiation signals the commencement of the compliance timeline for implementation, with deadlines potentially commencing as early as the beginning of 2025.

The regulatory changes from SEC Chair Gary Gensler's agenda are expected to impact not only investment advisers but also brokerage firms and registered representatives, which all are (or will be) gearing up for impending compliance challenges.

 

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

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