SEC Adopts New Anti-Fraud Rule
August 01, 2007
The U.S. Securities and Exchange Commission (the "SEC") has adopted a new anti-fraud rule under the U.S. Investment Advisers Act of 1940 (the "Advisers Act") which prohibits investment advisers to pooled investment vehicles, whether or not the investment adviser is registered with the SEC.
Read the August 2007 / Issue 11 update »
The SEC recently adopted Rule 206(4)-8 (the "Rule") under the Investment Advisers Act of 1940 ("Advisers Act"), which prohibits investment advisers to pooled investment vehicles, whether or not the investment adviser is registered with the SEC, from engaging in certain fraudulent conduct.
