Good News!  The SEC made a U-Turn on Inadvertent Custody

Good News! The SEC made a U-Turn on Inadvertent Custody

25 June 2018

The SEC recently updated the Staff Responses to Questions About the Custody Rule (“Custody FAQ”).  And this time, it’s a relief! As you probably recall, in February 2017, the SEC said that advisers may have “Inadvertent Custody” due to language that is in the agreement between the custodian and the client, which caused much angstRead More »