Review circumstances before disclosing PPP loan (Citywire)

Whether disclosing a PPP loan received or removing a disclosure previously made, registered investment advisers should be evaluating their specific circumstances for seeking the loan. With SEC guidance still evolving, FrontLine’s Founder and President, Amy Lynch, recommends that firms review if the loan was material to their financial condition. If it was, Ms. Lynch notes that the SEC would likely require disclosure on receiving the loan or any future material changes related to the loan. See Citywire (view through free subscription), “UPDATE: Ritholtz pays back PPP loan”