Investment Advisers Act

(redirected from Advisors Act)

Investment Advisers Act

Legislation passed in 1940 requiring financial advisers to register with the Securities and Exchange Commission. The measure was enacted to protect the public from fraud or misrepresentation by investment advisers.

Investment Advisers Act

Legislation in the United States defining an investment adviser as a person who provides professional advice on how to manage investments or makes investments on behalf of a client. Under amendments to the Advisers Act, investment advisers with more than $25 million under management are required to register with the SEC. The act defines the liability of investment advisers and provides guidelines on the fees and commissions they may collect. Additionally, the Act provides certain anti-fraud provisions protecting investors from predatory advisers, even those not registered with the SEC.
References in periodicals archive ?
1206, the "Access to Professional Health Insurance Advisors Act of 2011.
The Dodd-Frank Act repealed the private adviser exemption under Section 203(b)(3) of the Advisors Act which most family offices had previously relied upon to avoid registration.
The advice must be provided by a "fiduciary adviser," which is defined as a registered investment adviser (under the Investment Advisors Act of 1940) or a bank, insurance company or broker-dealer (under the Securities Act of 1934).
It covers all significant statutory provisions, including the Security Exchange Act of 1934, the Investment Company Act of 1940, the Investment Advisors Act of 1940 and the privacy provisions of the Gramm--Leach--Bliley Act.
The first panel debated the scope of the Investment Advisors Act of 1940 (Act); among the participants was the AICPA's Director of Personal Financial Planning.
Part of the new SEC regulations, "Certain Broker-Dealers Deemed Not To Be Investment Advisors," requires that broker-dealers who claim an exemption from the Investment Advisors Act and its fiduciary standards must disclose that their interests may diverge from their clients.
206(4)-3, "Cash Payments for Client Solicitations," of the Investment Advisors Act of 1940.
BOSTON -- A former Boston investment adviser was sentenced on Thursday, October 31, 2002, to a term of imprisonment on a federal charge of misappropriating client funds in violation of the Investment Advisors Act of 1940.
The Arlen Mutual Fund Handybook is a one volume, complete source for information on mutual fund rules and regulations related to fund registration, accounting, sales material, Investment Company Act and Rules, proxy rules, Investment Advisors Act and Rules, selected '34 Act Sections and Rules and taxation.
LM Capital Group, LLC is a San Diego-based independent investment advisory firm registered under the Investment Advisors Act of 1940.
The company's unbiased advisors act as a single point of contact to provide around-the-clock expert counsel about the extensive range of options available in the marketplace and empower them to make the most informed decisions about funeral-related issues.