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SEC and FINMA agree to share information on Swiss-based investment advisers

SEC headquarters
Photo: Anna Moneymaker/Getty Images

The agreements means US authorities will now have access access to information about certain clients in Swiss firms.

The US’s SEC and the Swiss Financial Market Supervisory Authority (FINMA) have agreed to share information about Switzerland-based investment advisers. In a press release last week, SEC said the deal will require such advisoers to provide their books and records, including personal data, directly to SEC staff.

Swiss authorities have