Investment Adviser Custody & Safekeeping

Description

This course is intended for investment adviser representatives and investment adviser firm compliance staff members wanting to understand the U.S. SEcurities and Exchange Commission’s (SEC) Custody Rule 206(4)-2 under the Investment Advisers Act of 1940. The speaker discusses the different authorizations and practices that result in an investment adviser firm having custody over client funds and securities along with detailing the requirements to comply with Rule 206(4)-2. Equal attention is given to the SEC’s proposed Rule 223-1 Safeguarding Advisory Client Assets. The speaker explains how the proposed rule deviates from and expands on the current Custody Rule along with potential challenges for complying with changes. This course provides one credit in the Products & Practices category.