Investment Advisers Act

The Investment Advisers Act is a U.S. law established in 1940 that regulates investment advisers, professionals who provide advice on securities. It requires these advisers to register with the Securities and Exchange Commission (SEC) and adhere to a fiduciary standard, meaning they must act in their clients' best interests. The Act aims to protect investors by ensuring transparency and accountability in financial advice. It mandates disclosure of fees, potential conflicts of interest, and provides oversight to prevent fraud in the investment advisory industry. Overall, it helps ensure that advisers prioritize their clients' financial well-being.