What Is A ‘Related Person’? (SEC ADV Part 1, Item 9, Question F)

Compliance with the rules of the Securities and Exchange Commission (SEC) is difficult. It often requires weeks of work, not simply to fill out the forms but also to understand what the forms are asking.

Item 9 Custody, offers perhaps some of the most confusing and most often changed compliance questions. I have covered this item before in “Answering SEC ADV Part 1 Item 9 Custody is Representative of a Larger Compliance Problem.”