Investment Adviser Advertising | Practical Law
This Practice Note discusses the Securities and Exchange Commission (SEC)'s regulation of advertising by investment advisers under the Investment Advisers Act of 1940, including specific advertising prohibitions in Rule 206-4(1) under the Advisers Act and current SEC staff interpretations concerning these prohibitions, particularly those pertaining to performance advertising. This Note also discusses record-keeping requirements applicable to advertising under the Advisers Act.