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.

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Under current law, broker-dealers are exempt from adhering to the fiduciary duties imposed under the Investment Advisers Act, as long as the advice they provide is solely incidental to their primary function of selling products.

Wall Street reform and your investment adviser

On May 20, the Securities and Exchange Commission released proposed amendments to the custody rule under the Investment Advisers Act of 1940 and related forms.

SEC proposes amendments to custody rule for investment advisers

A lot has changed in the accounting profession since the Investment Advisers Act of 1940 (Advisers Act).

Tax advice or investment advice: where is the line?

It covers the Securities Act of 1933 and the Securities Exchange Act of 1934, including selected rules and forms; selected provisions of Regulations S-K and S-X; Regulations M and M-A; selected provisions of Regulation ATS; Regulations AC, FD, and G; selected provisions of the Rules of Practice and Investigations; selected release of Staff Accounting Bulletins; the Sarbanes-Oxley Act of 2002; selected provisions of the Investment Advisers Act of 1940 and the Advisers Act Rules; and selected provisions of the Investment Company Act of 1940 and the Investment Company Act Rules.

Securities regulation; selected statutes, rules, and forms, 2005

Updated two times a year, the book provides section-by-section analysis of the Investment Advisers Act of 1940, and practical advice on how to comply with the act's requirements.

Investment Advisers: Law and Compliance

In addition, banks providing advice within the bank are exempt from the provisions of the Investment Advisers Act (1940), although the SEC has some authority under the Investment Company Act (1940) to regulate the activities of banks that serve as investment advisers to mutual funds.

Statement by John P. LaWare, Member, Board of Governors of the Federal Reserve System, before the Subcommittee on Telecommunications and Finance of the Committee on Energy and Commerce, U.S. House of Representatives, April 14, 1994

Such organizations would provide a self-regulatory mechanism for planners and advisers by amending the Investment Advisers Act of 1940.

The future of financial planning in the accounting profession

Currently, the Investment Advisers Act of 1940 requires investment advisers with over $30 million in assets under management to register with the SEC.

Financial regulatory reform: what you need to know

is an investment adviser registered in the United States under the Investment Advisers Act of 1940, an affiliate of Pershing LLC and a wholly owned subsidiary of The Bank of New York Mellon Corporation (BNY Mellon).

Lockwood Whitepaper Suggests Objectives-Based Investing May Help Investors Better Achieve Financial Goals and Enhance the Advisor-Investor Relationship

Given these risk factors, it pays for every investment adviser to understand what constitutes fraud under the Investment Advisers Act of 1940.

How to prevent investment adviser fraud

an investment management firm registered with the SEC under the Investment Advisers Act of 1940.

Moody's Investors Service Announces Downgrade of Auction Rate Preferred Shares

DoubleLine Capital LP, a registered investment adviser under the Investment Advisers Act of 1940, and its affiliates managed $64 billion in assets held in 1940 Act fund, separate account, hedge fund, variable annuity and UCITS vehicles as of the end of the fourth quarter of 2014.