Skadden Discusses Proposed SEC Expansion of Custody Rule Safeguards for Investment Advisers

Partners Anna Rips and Anastasia Rockas, counsel TJ Wells and associate Marc Sana look at new rules and amendments proposed by the SEC to the Custody Rule under the Investment Advisers Act. The authors discuss how the rules and amendments would, among other things, redesignate the Custody Rule as a new Safeguarding Rule.