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.
1206, the "Access to Professional Health Insurance Advisors Act of 2011.
To close this gap, says Tittsworth, the IPA (specifically Section 913) should simply amend the Advisors Act to extend the current fiduciary obligation to broker-dealers.
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.
206(4)-3, "Cash Payments for Client Solicitations," of the Investment Advisors Act of 1940.
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.
The amended complaint also alleges that defendants violated Section 206 of the Investment Advisors Act and Section 17(a) of the Securities Act of 1933 by engaging in a deceptive course conduct which operated as a fraud or deceit upon the named plaintiffs and class members.
ACP") is filing to become a registered Business Development Company ("BDC") under the 1940 Investment Company Act, and the subsequent amendments under the 1980 Investment Advisors Act.