Investment Advisers Act of 1940

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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.

Investment Advisers Act of 1940

A federal act that defines what an investment adviser is, requires such advisors to register with the SEC, and sets standards for advertising, disclosure, fees, liability, and record keeping. The Act was passed to protect investors. Also called Advisers Act.
References in periodicals archive ?
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).
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.
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.
com), the investment-consulting affiliate of The Segal Company, is registered with the Securities & Exchange Commission as an investment adviser under the Investment Advisors Act of 1940, and has offered independent investment consulting services since 1969.
206(4)-3, "Cash Payments for Client Solicitations," of the Investment Advisors Act of 1940.
an Investment Advisor registered under section 203 of the Investment Advisors Act of 1940, reflecting its beneficial ownership of 566,054 shares or 23.
The Arlen Mutual Fund Handbook 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.
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.
Sidus Investment Management, LLC, is a Delaware limited liability company as an Investment Manager registered with the United States Exchange Commission as a registered investment advisor under the United States 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.

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