Type:Notice
Citation:86 FR 11569
Reading Time:less than a minute
The Securities and Exchange Commission (SEC) has announced an intention to cancel the registrations of certain investment advisers. This action is taken under Section 203(H) of the Investment Advisers Act of 1940. The notice was filed on February 24, 2021, and it advises that investment advisers need to regularly update their Form ADV electronically. For more information, individuals can reach out to Lawrence Pace, a Senior Counsel at the SEC.
Simple Explanation
The SEC says they're planning to cancel some advisers' "licenses" because they haven't sent in important updates they were supposed to. If anyone has questions, they can ask a person named Lawrence Pace at the SEC for more help.