Скачать или смотреть Investment Advisers Act of 1940- What it means for Financial Professionals Today

How does the Investment Adviser’s Act of 1940 shape the world of investing today, and why should professional advisers care?

This act was the last in a series of acts put into action after the Great Depression and the stock market crash of 1929. Congress had several reports filed to explain why the stock market crash happened. Out of that report came several findings, most of which concerned how companies were selling securities to everyday investors. The information revealed that investment advisers knowingly failed to disclose key risks to investors. In other words, advisers were not looking out for the best interests of their clients.

This historical event set a precedent for all future investment advisers by outlining specific definitions of who qualifies as an RIA. Once considered an adviser, you must satisfy these requirements, some of which are positive while others are less so.

Watch the full video for details about these requirements.

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About Michael:
Michael Rasmussen’s success story starts where most entrepreneurs with a legal background begin: with big ideas to serve clients and an industry passion. Mr. Rasmussen is most passionate about assisting US and UK financial services professionals seeking investment adviser registration or acquisition due diligence services in the US or UK. In 2013, he started his career in the securities industry as a regulator with the Financial Industry Regulatory Authority (FINRA). After FINRA, Mr. Rasmussen served in Senior SEC/FINRA Consultant positions for several established legal and consulting firms. More recently, he has acted as General Counsel and Chief Compliance Officer for several established investment advisers and private fund managers, with each institution managing over $1 Billion in AUM.