Even with SEC guidance, advisers must decide when to disclose PPP loans
![SEC-building-logo](https://s32566.pcdn.co/wp-content/uploads/2020/04/SEC-Building-logo-951x634.jpg.optimal.jpg)
The regulator deems ‘material’ federal help to pay personnel who work with clients
Registered investment advisers who take federal loans to cushion the impact of the COVID-19 pandemic on their businesses should proceed carefully because doing so is now more likely to trigger a disclosure.
Earlier this week, the Securities and Exchange Commission released guidance regarding loan
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