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The Securities Edge Securities Blog for Middle-Market Companies

Monthly Archives: May 2011

SEC Publishes Notice of Proposed Amendments to “Qualified Client” Test

Posted in Financial Institutions

 Section 205(a)(1) of the Investment Advisers Act generally prohibits an investment adviser from collecting performance based compensation that is based on a share of capital gains on, or capital appreciation of, a client’s funds or assets under management. The Securities and Exchange Commission (“SEC”) adopted Rule 205-3 to provide exceptions to this prohibition if the… Continue Reading

SEC Seeks Public Comments on Short Sale Disclosure

Posted in Announcements

Pursuant to Section 417 of the Dodd-Frank Act, the SEC’s Division of Risk, Strategy and Financial Innovation is undertaking two current studies involving short selling. The first study focuses on the state of short selling on national securities exchanges and in the over-the-counter markets.  The SEC is seeking comments to complete its second study involving… Continue Reading