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SEC Advertising Rule Proposal Announced

The SEC announced today that it will hold an open meeting on Tuesday, November 5 at 10:00 a.m. ET (available via webcast at to consider whether to propose amendments to the Advisers Act Advertising Rule and Cash Solicitation Rule as well as to the Proxy Rules.

Advertising: The long awaited SEC reconsideration of the regulatory framework governing investment adviser advertising and to modernize the rule is now ready for consideration by the industry. 

Solicitors Rule:  The SEC will also propose amendments under the Advisers Act of 1940 to the rules that involve the use and payments to solicitors.

Proxy Voting Advice: The SEC also will consider whether to propose amendments to the proxy solicitation rules regarding proxy voting advice. 

Shareholder Proposal Thresholds: Finally, the SEC will consider whether to propose amendments to the shareholder proposal rules to modernize the submission and resubmission requirements as well as  updates to procedural requirements.

The link to the SEC Open Meeting announcement can be found below:

About Compliance4:

Compliance4 is a boutique regulatory compliance consulting firm based in Portland, Maine. We are  a leader in the compliance and regulatory services industry by offering expert compliance services and high quality comprehensive regulatory solutions.

We offer superior outsourced compliance resources and expertise, designed to be an integral part of our client’s daily operations, resulting in a stronger, more focused and competitive firm. We strive to help our clients succeed in a financial marketplace by providing customized, sensible and practical compliance solutions that fit each client’s evolving needs.

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