Notice of Intention To Cancel Registrations of Certain Investment Advisers
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice from the Securities and Exchange Commission (SEC) seeks to cancel the registrations of some investment advisers due to non-compliance with regulations. The affected advisers reportedly do not meet the requirements set under the internet adviser exemption and are therefore at risk of having their registrations cancelled. Affected parties have until May 11, 2026, to contest these cancellations by requesting a hearing.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- The SEC plans to cancel registrations for certain investment advisers.
- Affected advisers must meet new internet adviser exemption rules.
- Opportunity provided to contest cancellations via a hearing request.
Obligations
What this law requires
Investment advisers listed in the attached Appendix must submit a written request for a hearing to contest the registration cancellation by May 11, 2026, at 5:30 p.m. Eastern time.
Investment advisers listed in the attached Appendix must contest their registration cancellations by requesting a hearing in writing.
Interested parties wishing to contest the cancellation must include a statement of their interest and the issues they intend to address.
Any interested person may submit a written request to the Commission regarding the hearing on registration cancellations by May 11, 2026.
Investment advisers whose registrations are canceled may appeal the decision directly to the Commission in accordance with rules 430 and 431 of the Commission's rules of practice.