A Small Entity Compliance Guide[1]

Introduction

 

 

On June 5, 2019, the Securities and Exchange Commission (the “Commission”)

adopted Form CRS and new rules, as well as amendments to its

forms and rules, under both the Investment Advisers Act of 1940

(“Advisers Act”) and the Securities Exchange Act of 1934

(“Exchange Act”).[2]

 

 

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Form CRS and its related rules require SEC-registered investment advisers

and SEC-registered broker-dealers (together, “firms”)[3] to deliver to retail

investors a brief customer or client relationship summary that provides

information about the firm.[4] Firms must file their relationship summaries

with the Commission.

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The relationship summary is designed to assist retail investors with the

process of deciding whether to (i) establish an investment advisory or

brokerage relationship, (ii) engage a particular firm or financial

professional, or (iii) terminate or switch a relationship or specific service.

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Click here to view our CRS, as required by the SEC: Dreher CRS Form