United States:
WilmerHale Attorneys Analyze OCIE Risk Alert on Cash Solicitation Rule
05 February 2019
WilmerHale
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WilmerHale's Gretchen Passe Roin, Timothy Silva and Seth
Davis authored this Investment Lawyer article discussing
a recent risk alert by the Securities and Exchange Commission's
Office of Compliance Inspections and Examinations, in connection
with the Cash Solicitation Rule, which is designed to "notify
prospective advisory clients that the person recommending the
adviser (that is, the solicitor) has a financial incentive to make
the referral."
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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