The Securities and Exchange Commission dropped from its Wednesday open meeting agenda its plan to adopt long-awaited changes to the Investment Advisers Act advertising rules.
Also tabled were considerations to adopt amendments to Form ADV to provide the commission with more information about advisors’ marketing practices, and corresponding amendments to the books and records rule under the Advisers Act.
The changes were thought to be coming before the commission in October as well, but didn’t.
The Division of Investment Management plans to recommend that the commission adopt amendments to rules 206(4)-1 and 206(4)-3 under the Investment Advisers Act of 1940 regarding marketing communications and practices by investment advisors.