On December 1st, the SEC published for comment a proposal amending Rule 206(3)-3T under the Investment Advisers Act of 1940, a temporary rule that establishes an alternative means for investment advisers who are registered with the SEC as broker-dealers to meet the requirements of Section 206(3) of the Investment Advisers Act when they act in a principal capacity in transactions with certain of their advisory clients. The amendment would extend the date on which Rule 206(3)-3T will sunset from December 31, 2010, to December 31, 2012. Comments should be submitted on or before December 20, 2010. SEC Release No. IA-3118.