Client Alert

The staff of the Securities and Exchange Commission recently issued a Risk Alert announcing that it has observed widespread compliance deficiencies related to Rule 206(4)-2 under the Investment Advisers Act of 1940. This rule sets forth requirements for SEC-registered investment advisers that have “custody” of client funds or securities. The SEC found that among recent examinations that contained deficiencies, approximately one third included custody rule-related issues.

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

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