Client Alerts

Section 13 SEC Reporting by Advisers and Brokers and Section 16 SEC Reporting by 'Insiders' of Public Companies

February 11, 2005

Investment Management Practice Group

Under of the Securities Exchange Act of 1934, as amended, advisers and brokers who exercise investment discretion over accounts which hold exchange-traded equity securities may be required to file acquisition and ownership reports with the Securities and Exchange Commission in certain circumstances.