The SEC issued assurance that it would not seek enforcement action under Section 206(3) of the Investment Advisers Act of 1940 (“Advisers Act”) against a “Participating Firm” if the Participating Firm tenders or causes the sale of “Subject Securities” to the Participating Firm on behalf of a “Discretionary Client” without first obtaining the Discretionary Client’s affirmative consent, provided that the Participating Firm follows the “Discretionary Client Protocol.”
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RegisterInvestment adviser news – first quarter 2009
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USA
June 5 2009
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Marion Rich
Director of Legal & Contractual Affairs
British Constructional Steelwork Assoc Ltd
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