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
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.
Congress passed the Investment Advisers Act
in 1940 to regulate anyone who manages money for the public.
Sierra is externally managed by SIC Advisors LLC, which is an investment adviser registered under the Investment Advisers Act
of 1940, as amended.
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.
"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.
DoubleLine Capital LP, a registered investment adviser under the Investment Advisers Act
of 1940, acts as the investment adviser for the Fund.
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.
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