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SEC Proposes Plain English Narrative Disclosure by Investment Advisers to Investors

Press release, February 13, 2008: “The Securities and Exchange Commission today voted unanimously to propose rule amendments requiring investment advisers to prepare and deliver to clients and prospective clients a narrative brochure written in plain English. Brochures would be made available to the general public through the SEC sponsored Investment Adviser Public Disclosure Web site. The narrative would publicly disclose to investors more detailed information about an investment adviser’s business practices, conflicts of interest, and disciplinary history.”

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