Who may be interested: Registered Investment Advisers
Quick Take: The staff of the Division of Investment Management of the SEC recently updated its Frequently Asked Questions (FAQ) relating to compliance with Rule 206(4)-1 under the Investment Advisers Act of 1940. The update to the FAQ addresses the methodologies for calculating gross and net performance shown in advertisements.
____________________________________________________________________________________________________________________________For More information see Seward & Kissel’s client alert available here.