{"id":1207,"date":"2022-02-11T14:15:10","date_gmt":"2022-02-11T14:15:10","guid":{"rendered":"http:\/\/localhost\/?p=1207"},"modified":"2022-02-11T14:15:10","modified_gmt":"2022-02-11T14:15:10","slug":"hedge-clauses-advisers-beware","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2022\/02\/11\/hedge-clauses-advisers-beware\/","title":{"rendered":"Hedge Clauses &#8212; Advisers Beware"},"content":{"rendered":"<p>So cautions <a href=\"https:\/\/www.richardlchen.com\/\">Richard Chen<\/a>:<\/p>\n<p>The SEC is taking aim at investment advisory contracts between the adviser and its clients, and many advisers may need to amend those contracts in light of the staff\u2019s recent guidance where it takes the position that certain contract provisions designed to protect the adviser from liability constitute so-called \u201chedge clauses\u201d that raise confusion as to whether the client is waiving its right to take action against an adviser provided under federal or state laws. The types of provisions can vary, but the SEC is particularly focused on claims where an adviser disclaims liability for its acts or omissions other than those that result from its gross negligence, willful misconduct, or bad faith.<\/p>\n<p><a href=\"https:\/\/www.linkedin.com\/posts\/richardlchenesq_wealthmanagement-rias-privatefunds-activity-6893975471646658560-2-AB\">Read more here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So cautions Richard Chen: The SEC is taking aim at investment advisory contracts between the adviser and its clients, and many advisers may need to amend those contracts in light of the staff\u2019s recent guidance where it takes the position that certain contract provisions designed to protect the adviser from liability constitute so-called \u201chedge clauses\u201d &hellip; <a href=\"https:\/\/bdia.pli.edu\/index.php\/2022\/02\/11\/hedge-clauses-advisers-beware\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Hedge Clauses &#8212; Advisers Beware<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":95,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,21,22],"tags":[],"class_list":["post-1207","post","type-post","status-publish","format-standard","hentry","category-compliance","category-regulatory","category-standard-of-care"],"aioseo_notices":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1207"}],"version-history":[{"count":0,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1207\/revisions"}],"wp:attachment":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}