SEC Seking Public Comments Regarding "Information Providers" Acting as "Investment Advisers".

The SEC announced that it is requesting information and public comment on matters related to the activities of certain "information providers", including whether, under particular facts and circumstances, information providers are acting as "investment advisers" under the Investment Advisers Act of 1940. The public comment period will remain open for sixty days following publication of the Request on the SEC's website or thirty days following publication of the Request in the Federal Register, whichever period is longer. [Extracted from the article]