Rich May (Massachusetts): SEC Updates Guidance to Investment Advisors on Disclosure of PPP Loans

On April 28, 2020, the Securities and Exchange Commission’s Division of Investment Management (“SEC”) updated its COVID-19 frequently asked questions guidance and specifically addressed the issue of whether registered investment advisors (“RIAs”) should make disclosures with respect to securing a loan from the Paycheck Protection Program (“PPP”) established by the U.S. Small Business Administration in connection with COVID-19. MORE.

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