Investment Advisers Act of 1940

Investment Advisers Act of 1940 definition - business

Investment Advisers Act of 1940

A federal act that defines what an investment adviser is, requires such advisers to register with the SEC, and sets standards for advertising, disclosure, fees, liability, and recordkeeping. The act was passed to offer protection to investors. Also called Advisers Act.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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