* What steps an
investment adviser, who has assumed voting authority on behalf of clients, could take to demonstrate it is making voting determinations in a client's best interest and in accordance with the
investment adviser's proxy voting policies and procedures;
* How an
investment adviser and its client, in establishing their relationship, may agree upon the scope of the investment adviser’s authority and responsibilities to vote proxies on behalf of that client;
Once you get past
investment adviser and registered representative, and adviser v.
Though the Empire State does not utilize the Form U4, it does have its own "
Investment Adviser Qualification" or NY-IAQ form that is used to collect information from individuals seeking to provide investment advice within its borders.
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.
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.
And further added that, "That's not likely to change, so it just makes sense for our dually registered members to undergo broker-dealer and
investment adviser examinations at the same time, by the same regulator."
The amendment allows an adviser to pay a registered municipal adviser to act as a placement agent to solicit government entities on its behalf, if the municipal adviser is subject to a pay-to-play rule adopted by the Municipal Securities Rulemaking Board (MSRB) that is at least as stringent as the
investment adviser pay-to-play rule.
Among the recommendations in its "Study on Enhancing
Investment Adviser Examinations," the SEC is seeking to impose user fees on SEC-registered
investment advisers to fund their exams by the Office of Compliance Inspections and Examinations.
Many do not present themselves to the general public as an
investment adviser, nor do they act as an
investment adviser to a registered investment company.
They--as many others--would want to know, "Do the amended
Investment Adviser rules apply to me?"
"When those recommendations are made professionally, the person making the recommendations must be registered as an
investment adviser. Only then can the investing public have some confidence in the soundness of such recommendations."
