SEC Proposes Amendments to Form ADV and the Books and Records Rule of the Advisers Act

On May 20, 2015, the Securities and Exchange Commission (the “SEC”) issued Release No. 1A-4091 (the “Release”), which proposes amendments to Form ADV and to Rules 204-1 and 204-2 of the Investment Advisers Act of 1940 (the “Advisers Act”). The SEC focused its proposed amendments in the following three areas: (1) to fill certain data gaps and to enhance current…

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Proposed Rule Change to Amend FINRA Rule 2210 (Communications with the Public) to Require BrokerCheck Link on Member Websites

On June 29, 2015, FINRA filed with the SEC a proposed rule change to amend FINRA Rule 2210 (Communications with the Public) to require that member firms include BrokerCheck links on their websites. The new proposal, if approved, would require, “a readily apparent reference and hyperlink to BrokerCheck on: (i) the initial webpage the member intends to be viewed by…

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