Investment Advisers Act of 1940 Hear it!

Investment Advisers Act of 1940 Finance Definition

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.