The New Advertising Rule for Private Funds and Investment Advisers Is Still Sitting
As an early Christmas present, the Securities and Exchange Commission approved a new marketing rule on December 22, 2020. This was after a vote on the rule was suddenly canceled at an open meeting the week prior.
Now we are two months after approval of the rule, but it hasn’t yet been published in the Federal Register. So it’s not effective yet and the long runway for compliance has not been laid out.
What’s going…