IAA Op-Ed: The SEC’s “Inadvertent Custody” Guidance May Hurt Clients More than Advisers

In an article published in the June 2017 edition of the Investment Adviser Association (IAA) newsletter, HF Investment Management team members Ed Klees and Jim Van Horn evaluate the SEC's division of Investment Management and staff ("IM") recently released "inadvertent custody" guidance. The authors believe the SEC's custody rule provides inadequate protections to client assets, and may complicate the relationship among an adviser, its client, and the client's custodian. To read the entire article, click here.