The IAA sought to regulate an industry that was deemed to be of public concern and within the Federal jurisdiction, though it did define some state-specific jurisdictions.
It defines investment advisors and made laws dealing with fraud, advertising, non-public client information, disclosures, handling of client funds, and so forth. The Investment Advisors Act of 1940 established definitions for the capacity in which an investment adviser and investment advice could be defined, and made rules concerning the standards by which advisors should operate.
It stipulated that all advisors must register with the SEC and be subject to the federal and state laws which pertained to the solicitation and proffering of financial advise. The scope of this act only covered securities and did not cover most insurance contracts or futures contracts.
Futures and the advisors who deal with them are regulated by a separate set of laws and agencies. The IAA established a system for annual reports in Form ADV, gave general prohibitions, exceptions, a system for hearings and arbitration, and defined penalties for wrongdoing.
The Investment Advisor Registration Depository (IARD) is maintained by FINRA, and is a publicly accessible database of all registered investment advisors.
What is the Investment Advisor Registration Depository (IARD)?
What is the Investment Company Act of 1940?
An IRA provides tax deferred growth of your assets, and can be quite remarkable in comparison with a savings account
Unlike 401(k)s, you are allowed to take money out of a 457 Plan before the age of 59½ without a 10% withdrawal penalty
As a general rule of thumb it's good to have six months’ worth of expenses saved and kept exclusively for emergencies
To this end, there is an IRS form, the 2848, which designates an individual to represent the taxpayer on tax matters
Weighted Average Market Capitalization is a method which gives market cap, for a company, greater weight
In its role upholding the Federal Reserve Act, the Fed oversees the operations and practices of member banks
Currency baskets are composed of weighted amounts of certain currencies. Commonly used as a benchmark for economic analysis
Swing trading involves holding on to a position for a period of time ranging from a couple days to a couple weeks. | Learn more with Tickeron
A bond ladder is a portfolio of bonds that have different maturities, that may range from months to years in difference
Elliot Wave Theory incorporates the natural cycles of nature in an attempt to explain and predict future prices of stocks