Kenneth J. Berman, Gregory T. Larkin and Norma Angelica Freeland

Debevoise & Plimpton Discusses SEC’s Proposed Changes to Advertising Rule

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On November 4, the Securities and Exchange Commission (the “SEC”) proposed amendments (the “Proposal”) to modernize Rule 206(4)-1 (the “Advertising Rule”) under the Investment Advisers Act of 1940 (the “Advisers Act”). [1] The first substantial amendment to the Advertising Rule …