Dictionary of Business Terms: investment advisers act
investment advisers act
legislation passed by Congress in 1940 that requires all investment advisers to register with the Securities and Exchange Commission. The Act is designed to protect the public from fraud or misrepresentation by investment advisers.
Dictionary of Finance and Investment Terms: investment advisers act
investment advisers act
legislation passed by Congress in 1940 that requires all investment advisers to register with the Securities and Exchange Commission. The Act is designed to protect the public from fraud or misrepresentation by investment advisers. One requirement, for example, is that advisers must disclose all potential conflicts of interest with any recommendations they make to those they advise. A potential conflict of interest might exist where the adviser had a position in a security he was recommending.
