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Entries from January 2010

New SEC Custody Rule has Little Impact on Hedge Funds

Posted under Custody,SEC on January 8th, 2010 by Judith Gross0 comments

In an effort to beef up surveillance of financial firms that hold custody of client assets, the SEC passed a final rule at the end of 2009 which amended the existing Custody Rule (Rule 206(4)-2 under the Investment Advisers Act of 1940). When the amendment was put out for public comment, the additional rules were [...]