Investment Advisers Act 1940
The Investment Advisers Act illustrates the manner in which investment advisers will register with the SEC, provides the laws that must be followed as an investment adviser, and makes it illegal for both registered and unregistered investment advisers to act fraudulently toward any investors.
Investment Advisers Act 1940 Rule 204-2⬑ Return to Expertise page
Rule 204-2 books and records to be maintained by Investment Advisers
Requiring the retention of books and records relating to all written communications received and sent by an investment adviser, Rule 204-2 now applies to hedge funds and private equity firms under the Dodd-Frank Financial Reform Act.
- Documentation on the Investment Advisers Act of 1940
- What you need to know about SEC’s new Investment Adviser marketing rule