The SEC’s Marketing Rule in Advisor M&A: Endorsements and Client Transitions (Ep. 30)

About this episode

This episode discusses the implications of the SEC's Marketing Rule on advisor mergers and acquisitions, focusing on endorsements and client transitions.

Regulatory scrutiny is evolving, and RIAs involved in acquisitions or succession transitions are starting to see a new area of exam focus: how the SEC’s Marketing Rule endorsement provision may apply to certain client transition communications. In this episode of The Fine Print, SRG General Counsel Todd Fulks is joined by Christine Ayako Schleppegrell, Partner at Morgan Lewis and former SEC attorney, for a timely discussion on what firms are seeing in exams and deficiency letters, and why this issue is emerging now. You will hear how a rule many advisors associate with testimonials and advertising is beginning to surface in the M&A transition context, and what firms can do to stay prepared.

People in this episode

Host: Todd Fulks

Guest: Christine Ayako Schleppegrell

Topics covered

• SEC Marketing Rule
• Advisor M&A
• Client Transitions
• Regulatory Scrutiny
• Endorsements
• Exams
• Deficiency Letters

Keywords

• SEC
• Marketing Rule
• Advisor M&A
• Client Transitions
• Regulatory Scrutiny
• Exams
• Deficiency Letters
• Endorsements
• Testimonials

Mentioned in this episode

Organizations: Morgan Lewis, SEC, SRG

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