The SEC is considering delaying revisions to the principal form investment advisors must file concerning their business practices because of objections raised to the proposed revisions.

The SEC may delay adopting changes to Part II, the narrative section of form ADV, in order to review, "a number of critical comments we have gotten with regard to disclosing disciplinary actions against investment professionals, soft dollars, fees, allocation and proxy voting," said Cindy Fornelli, an advisor to the director of the division of investment management at the SEC. "We would like time to properly analyze these comments, which we take very seriously."

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