Securities and Exchange Commission: Amendments to Form ADV
GAO-10-1017R: Aug 25, 2010
- Full Report:
GAO reviewed the Securities and Exchange Commission's (Commission) new rule on amendments to Form ADV. GAO found that (1) the final rule amends Part 2 of Form ADV and related rules under the Investment Advisers Act, 15 U.S.C. 80b, to require investment advisers to provide new and prospective clients with a brochure and brochure supplements written in plain English; and (2) Commission complied with applicable requirements in promulgating the rule.