Investment Advisers Act of 1940


Also found in: Wikipedia.

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 ?
DoubleLine Capital LP is a registered investment adviser under the Investment Advisers Act of 1940.
The SEC Enforcement Division alleges that Balter violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, Section 17(a) of the Securities Act of 1933, Sections 206(1), 206(2), 206(4) and 207 of the Investment Advisers Act of 1940 and Rule 206(4)-8, and Sections 13(a) and 34(b) of the Investment Company Act of 1940.
During his tenure at the SEC, he worked on several compliance inspection projects involving compliance examinations of registered investment advisers to ensure compliance with the Investment Advisers Act of 1940, the Investment Company Act of 1940, the Securities Act of 1933, and the Securities Exchange Act of 1934.
Grohowski, who will start at IAA in March, is currently an associate general counsel with the Investment Company Institute (ICI), with primary responsibility for a wide range of issues arising under the Investment Advisers Act of 1940 and the Investment Company Act of 1940.
Fortunately, the Investment Advisers Act of 1940 may provide the definitive answer.
206(4) of the Investment Advisers Act of 1940 to their use of social media.
The legislation would amend the Investment Advisers Act of 1940 to provide for the creation of National Investment Adviser Associations (NIAAs), registered with and overseen by the SEC.
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.
A lot has changed in the accounting profession since the Investment Advisers Act of 1940 (Advisers Act).
Given these risk factors, it pays for every investment adviser to understand what constitutes fraud under the Investment Advisers Act of 1940.
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.
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.

Full browser ?