Topic
investment-advisers
2 stories
SEC Proposes Crypto Custody Rules for Advisers and Funds, Opening Door to Self-Custody and State Trust Companies
The SEC on October 1 proposed rules letting investment advisers and regulated funds custody crypto assets, permitting self-custody "under certain circumstances" and state trust companies as custodians, with a 60-day comment period.
SEC Moves to Scrap Its 15-Year-Old "Pay-to-Play" Rule for Investment Advisers
The SEC voted to propose rescinding its 2010 "pay-to-play" rule barring investment advisers from managing government money for two years after making political contributions, opening a 60-day comment period.