An Additional $2.3T in Federal Reserve Programs

An Additional $2.3T in Federal Reserve Programs

CNBC reported today that the Federal Reserve announced another $2.3 trillion package that includes a Main Street business lending program. Main Street loans will range from $1-25 million for businesses with up to 10,000 employees and less than $2.5 billion in...

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Moneta Group Investment Advisers, LLC intends to rely on the Order promulgated by the Securities and Exchange Commission under Release No. IA-5463 and updated by Release No. IA-5469 with regards to its annual filing of Form ADV. In addition, Moneta intends to rely on the Order with regards to the delivery of our Summary Brochure and ADV Part 2B Brochures as well. The SEC’s Order grants Registered Investment Advisor firms like Moneta temporary relief from reporting requirements that would otherwise be due amidst the business and everyday disruptions caused by the COVID-19 pandemic. Moneta takes its obligations and fiduciary responsibilities seriously, and intends to effectuate its filing and delivery as soon as is feasible given the circumstances.

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