Congressmen Flood & Torres Urge SEC Chair to Maintain Existing Definition of "Qualified Custodian" in Final Rulemaking
May 26, 2023
May 26, 2023
WASHINGTON, May 26 -- Rep. Mike Flood, R-Nebraska, issued the following news release:
Congressman Mike Flood (R-NE) and Congressman Ritchie Torres (D-NY) recently wrote the Securities and Exchange Commission (SEC) Chair Gary Gensler regarding the commission's draft changes to rule 206(4)-2, the Commission's custody rule under the Investment Advisors Act of 1940.
Specifically, the Congressmen provided feedback on question 19 within the proposal, which asked for comments . . .
Congressman Mike Flood (R-NE) and Congressman Ritchie Torres (D-NY) recently wrote the Securities and Exchange Commission (SEC) Chair Gary Gensler regarding the commission's draft changes to rule 206(4)-2, the Commission's custody rule under the Investment Advisors Act of 1940.
Specifically, the Congressmen provided feedback on question 19 within the proposal, which asked for comments . . .