After drinking it for about a year, my child’s coughs and colds seem to have decreased,” “It seems good for sore throats.” ...

The SEC’s new Marketing Rule compliance date was November 4, 2022. As part of the Marketing Rule, the SEC expanded advisers’ ability to use client testimonials in marketing materials. With these new ...

On December 16, 2025, the staff (“Staff”) of SEC’s Division of Examinations issued a Risk Alert to address its observations regarding investment advisers’ (“advisers”) compliance with the testimonials ...

The SEC has made clear that Marketing Rule compliance is a priority, and that advisor advertising will be examined, with real penalties for firms that fall short. For investment advisors and RIAs, ...