‹ Back to Listing

SEC Issues Relief Regarding Private Stock Certificates Under Advisers Act Custody Rule

Download
Share
August 20, 2013
Client Alert

The staff of the Securities and Exchange Commission recently announced that it would not require advisers of private investment funds to hold non-transferable stock certificates or certificated LLC interests obtained in a private placement with a “qualified custodian” under the Investment Advisers Act of 1940 custody rule.

View Relevant Document(s):