Reid& Wise Head of Corporate and Fund Formation Karen (Zhenkun) Liu Author Article for American Bar Association
Karen (Zhenkun) Liu, Head of Corporate and Fund Formation at Reid & Wise, authored an article published at American Bar Association entitled, “What Investment Advisers Can Learn from the 2024 Marketing Rule Risk Alert.” The article reviews a Risk Alert newly issued on April 17, 2024 by the SEC's Division of Examinations sharing the staff's initial observations from their real-life examinations of investment advisers' compliance with amended Rule 206(4)-1 under the Investment Advisers Act of 1940. The observations focus on advisers' compliance with Marketing Rule–related aspects of Advisers Act Rule 206(4), Advisers Act Rule 204-2, and the Marketing Rule's “General Prohibitions,” as well as accurate disclosure of their Marketing Rule compliance in Form ADV. Karen shed light on the itemized...
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