03.26.20
SEC Further Extends Filing Deadline; FINRA Pushes Arb Hearings Back Again
by: Mark, Jr. Schoeff
The SEC has further extended the deadline for registered investment advisors to file Form ADV, and FINRA has postponed in-person arbitration hearings until May 31, after previously halting them through May 1. The SEC is giving advisory firms affected by the coronavirus an extra 45 days to submit registration forms that were due between March 13 and June 30. The original SEC order, released March 13, was only for ADVs due through April 30. The agency also delayed requirements for delivery of ADV changes to clients. Advisors who want to take advantage of the extension must notify the SEC and their clients.
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