Investment Advisers Act of 1940

Investment Advisers Act of 1940
Investment Advisers Act of 1940 (Advisers Act)
USA
The federal statute administered by the SEC that regulates the registration, conduct and reporting requirements of investment advisers. Investment advisers are required to register with the SEC, unless subject to an exemption contained in the Advisers Act. Once registered under the Advisers Act investment advisers must, among other things, maintain books and records, disclose various information to clients and potential clients, comply with various conduct restrictions and submit to inspection by the SEC. The Advisers Act also gives the SEC the power to set up antifraud rules that all investment advisers are subject to, whether they are registered or unregistered. Finally, the Advisers Act sets outan enforcement mechanism for violations of any provision of the Advisers Act and its rules.
Related terms

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Investment Advisers Act of 1940 — The Investment Advisers Act of 1940, codified at usc|15|80b 1 through usc|15|80b 21, is a United States federal law that was created to regulate the actions of investment advisers (also spelled advisors ) as defined by the law.The law provides in …   Wikipedia

  • Investment Company Act of 1940 — The Investment Company Act of 1940 is an act of Congress. It was passed as a United States Public Law and is codified at usc|15|80a 1 through usc|15|80a 64.Following the founding of the mutual fund in 1924, investors welcomed the innovation with… …   Wikipedia

  • 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. Bloomberg Financial Dictionary …   Financial and business terms

  • Advisers Act — Investment Advisers Act of 1940 (Advisers Act) USA The federal statute administered by the SEC that regulates the registration, conduct and reporting requirements of investment advisers. Investment advisers are required to register with the SEC,… …   Law dictionary

  • investment adviser — USA Any person who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or as to the advisability of investing in, purchasing, or selling securities or… …   Law dictionary

  • Investment Adviser Association — The Investment Adviser Association [ [http://www.investmentadviser.org IAA Home ] ] (IAA) is a not for profit association that exclusively represents the interests of federally registered investment advisory firms. Founded in 1937, the… …   Wikipedia

  • investment counselor — noun or investment adviser Etymology: investment (II) : an individual or firm that analyzes and makes recommendations on a client s securities for a fee but does not have physical custody of these securities investment counselors or advisers must …   Useful english dictionary

  • Securities Fraud Deterrence and Investor Restitution Act — The Securities Fraud Deterrence and Investor Restitution Act was USBill|108|H.R.|2179 and is a bill currently on the Union Calendar. Its official titles as introduced, is To enhance the authority of the Securities and Exchange Commission to… …   Wikipedia

  • Freedom of Information Act (United States) — This article is about the U.S. federal law. For freedom of information in the fifty U.S., see Freedom of information in the United States. For freedom of information in other countries, see Freedom of information legislation. The Freedom of… …   Wikipedia

  • Securities Act of 1933 — Die Börsen und Aktiengesetze der Vereinigten Staaten sind die Gesetze, die die Einrichtung und den Umgang mit Börsen, Aktiengesellschaften, Aktien und sonstigen börsennotierten Finanzprodukten in den Vereinigten Staaten regeln. Inhaltsverzeichnis …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”