7.24.2007

The SEC will send all newly registered advisers a "welcome letter," along with a plain English summary of the key provisions of the Advisers Act, to help them understand their compliance responsibilities. The SEC stated that its goal is to help educate newly registered advisers about their compliance obligations that promote investor protection. The welcome letter will:

  • introduce the adviser to the local office of the SEC;
  • provide information about the resources available on the SEC's Web site; and
  • provide information about the SEC's CCOutreach Program to help chief compliance officers implement effective compliance programs.

Please click http://www.sec.gov/news/press/2007/2007-140.htm to access a copy of the press release announcing the welcome letters.