Investment Advisers Act of 1940

Investment Advisers Act of 1940 definition - finance
A law that regulates investment advisers and requires that firms or sole practitioners who are paid to advise others about investments register with the Securities and Exchange Commission (SEC) and conform to regulations designed to protect investors. Since its amendment in 1996, typically only advisers who manage more than $25 million of assets or who advise a registered investment company must register with the SEC.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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