The SEC recently updated its rules on advertising and solicitation to – finally – reflect how contemporary advisors connect and communicate with their potential and existing clients.
Becker Shareholder Robert Rabinowitz – who focuses his practice on providing legal and regulatory guidance to broker/dealers and investment advisers – offers insight into the new single rule, noting that the streamlined approach helps “compliance people with a roadmap of what’s acceptable communication,” but cautioned “more detailed rules mean more specific infractions.”
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