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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Any CPA who meets the definition of an investment adviser and is not excepted is subject to the anti-fraud provisions of the Investment Advisers Act of 1940.

SEC jurisdiction over investment advice

The Voya adviser affiliates agreed to be censured and consented to the entry of the SECs order finding that they willfully violated Sections 206(2) and 206(4) of the Investment Advisers Act of 1940, and Rule 206(4)-8.

United States : Voya Advisers Agree to Repay Clients and Settle Charges That They Failed to Disclose Securities Lending Conflict

Interpreting the Investment Advisers Act of 1940, the court spurned the argument made by convicted defendant James Tagliaferri and said intent to harm is not an element of a criminal conviction under the statute.

Court Ruling Makes It Easier to Convict Advisors of Fraud

Congress passed the Investment Advisers Act in 1940 to regulate anyone who manages money for the public.

Managing client assets

Sierra is externally managed by SIC Advisors LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended.

Sierra Income decreases in public offering price

The SECs order finds that SunTrust violated Sections 206(2), 206(4) and 207 of the Investment Advisers Act of 1940 and Rule 206(4)-7.

United States : SunTrust Charged With Improperly Recommending Higher-Fee Mutual Funds

The SEC complaint charges AAM with violations of the antifraud provisions of the Investment Advisers Act of 1940 and related rules as well as violations of Section 207 of the Advisers Act by failing to disclose BFG's ownership interest in the Form ADV filed with the SEC.

SEC Charges Advisory Firm With Fraud Over Illiquid Bond Sales

"It could relieve them of the burden of dual regulation and would solve the problems of applying many of the ambiguous registration requirements under the Investment Advisers Act of 1940." Andrews said the Senate bill was an improvement on past proposals that explicitly extended federal registration requirements to financial planners and permitted private rights of action against registrants.

New securities bill could streamline regulations for investment advisers

DoubleLine Capital LP, a registered investment adviser under the Investment Advisers Act of 1940, acts as the investment adviser for the Fund.

DoubleLine Income Solutions Fund announces January distribution

The SECs complaint, filed in Trenton, New Jersey, charges Newsholme with violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940.

United States : Adviser Charged With Stealing Investor Funds

Thanks to the Investment Advisers Act of 1940, financial advisors have been included among the professionals whose specialized knowledge and vital services require a higher "fiduciary" standard as well.

Caveat Empty: Most Clients Don't Understand the Brokerage Business

They really want to know if the individual is registered with the Securities and Exchange Commission as an investment adviser under the Investment Advisers Act of 1940.