The law firm believes it would be intrusive for market participants to be regulated as investment advisers.
Last month, the US Securities and Exchange Commission (SEC) launched a consultation on matters related to the activities of certain information providers , including whether information providers are acting as investment advisers under the Investment Advisers Act of 1940. The request for information specifically focuses on index providers, model portfolio providers, and pricing services. It would be very intrusive for market participants to be regulated as investment advisers - Anna Pinedo, M
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