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David Blass Quoted in Private Funds CFO on SEC Marketing Rule Guidance
07.18.22
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Partner David Blass was quoted in a Private Funds CFO article titled, “SEC counts down to ad rule change without new guidance.” The article discussed the SEC’s proposed rule surrounding investment advisers marketing practices and how there has been a lack of FAQs surrounding the rule, which could result in uncertainty and added risk. David explained that, "The purpose of the FAQs is to help the industry understand their compliance responsibilities," although they aren’t always "crystal clear.” He added that "No matter what happens, we'll live with some room to interpret," and that industry associations will compare interpretations and the industry will land "on a collective understanding of how they interpret a rule.”
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