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Legal Update

US SEC Amends Custody Rule for Registered Investment Advisers

14 June 2010
Mayer Brown Legal Update
On December 30, 2009, the US Securities and Exchange Commission (SEC) published its final rule amending certain custody requirements under the Investment Advisers Act of 1940, as amended (Advisers Act) for registered investment advisers (RIAs).1 The SEC indicated in the Adopting Release that the amendments were adopted to enhance the safekeeping of investor assets in the wake of several high-profile fraud cases against investment advisers and broker-dealers.


  • Marc R. Cohen
    T +1 202 263 3206
  • Stephanie M. Monaco
    T +1 202 263 3379
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