SRZ Submits Commentary on SEC ADV & IAA Proposals: Concerns Over Consistency and Confidentiality

On Aug. 11, 2015, SRZ submitted comments to the U.S. Securities and Exchange Commission on the agency’s proposed amendments to Form ADV and the corresponding rules under the Investment Advisers Act. In this article, The Hedge Fund Journal talks to SRZ partners Marc E. Elovitz and former Schulte lawyer Brian Daly about SRZ’s concerns in three key areas of the proposals: public disclosure of reporting for separately managed accounts; restrictions on use of umbrella ADV reporting; and one important omission in the proposals.