To Disclose or Not to Disclose – Is a PPP Loan “Material?”

PPP loans, which are intended to support company payrolls during the COVID-19 shutdown, have been a source of great debate in the Registered Investment Advisor space.  Are they material?  If my RIA applies for and receives a loan, do we have to disclose it as a material event on our Form ADV Part 2A? The… READ MORE