Month: April 2025

Updated Marketing Rule FAQ Relieves Fund Managers From Calculating Investment-Level Net Returns

On March 19, 2025, staff from the Securities and Exchange Commission (SEC staff) updated its prior guidance regarding the requirement to show net returns of an individual investment, or subset of investments, in compliance with Rule 206(4)-1 (Marketing Rule) under the Investment Advisers Act of 1940.

Stacey Song and Meredith Ashlock / April 3, 2025

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Month: April 2025

Updated Marketing Rule FAQ Relieves Fund Managers From Calculating Investment-Level Net Returns