New York Partner David Tang was quoted extensively in a Private Equity Law Report article about the SEC's recently updated Marketing Rule FAQ. The FAQ was meant to provide much needed clarity on the SEC's new Marketing Rule. David notes that the FAQ clarifies how investment advisors can provide an "apples to apples" comparison for investors. The article goes on to discuss potential solutions for compliance with the new rules and the main takeaways of the FAQ, featuring David's insights.
Read the full article on Private Equity Law Report. (A subscription is required)
David and his colleague, Michael Schmeider, recently co-wrote an eUpdate on a similar topic: The SEC Issues Marketing Rule FAQ on Calculating Gross and Net Performance.