SEC Lists Rules It Plans to Adopt Before Election Day

Ignites
July 2, 2020

John Hunt was quoted on the article, "SEC Lists Rules It Plans to Adopt Before Election Day," which was published in Ignites on July 2, 2020. 

The article details rulemaking the Securities and Exchange Commission is looking to finalize on several investment management proposals during the next few months leading up to the presidential election. In particular, the SEC may propose amendments or new custody rules by April 2021 that pertain to investment advisors.

According to John, the agency may consider what entity has custody of assets when an intermediary such as an exchange or clearing agent facilitates an advisor’s transaction. They may also examine issues that arise under certain powers of attorney agreements and consider relaxing custody requirements that were extended during the Covid-19 outbreak.

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