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Investment Advisers Act of 1940

Investment Advisers

The Investment Advisers Act of 1940 is a law that regulates Investment Advisers. This Act under certain exceptions require that sole practitioners or firms MUST register with the SEC and conform to regulations designed to protect investors if they are being compensated for advising others about securities investments. The Investment Advisers Act of 1940 was amended in 1996 and 2010 and since that time generally only advisers who have at least $100 million of assets under management or advise a registered investment company must register with the Commission. Investment Advisers with less than $100 million assets under management typically register with the state in which the Investment Adviser maintains its principal place of business. If you would like to read the Full version of the Investment Advisers Act of 1940 you can go to the SEC website or go here