Get The Evolution Of Past Specific Recommendations In Investment ...

Section 206 of the Advisers Act generally prohibits investment advisors from engaging in any fraudulent, deceptive, or manipulative conduct. Rule 206(4)-1 regulates marketing practices to help reduce instances of market manipulation and protect investors so they can make informed decisions.

Rule 206(4)-6 requires that advisers provide a concise summary of their proxy voting policies and procedures to clients and offer to provide the client with a copy of these policies and procedures upon request. This disclosure may be made in the adviser's written brochure.

The SEC recently voted unanimously to adopt new Rule 206(4)-8 under the Advisers Act. The rule generally prohibits advisers to pooled investment vehicles from making false or misleading statements to, or otherwise defrauding, investors or prospective investors in the vehicles.

As a means reasonably designed to prevent fraudulent, deceptive, or manipulative acts, practices, or courses of business within the meaning of section 206(4) of the Act (15 U.S.C. 80b-6(4)), it is unlawful for any investment adviser registered or required to be registered under section 203 of the Act (15 U.S.C.

Investment advice refers to any recommendations regarding an investor's portfolio. Many professionals, including financial planners, bankers, and brokers, can provide investors with investment advice specific to their financial situation and short- and long-term financial goals.

Rule 206(4)-4 under the Advisers Act requires all advisers to disclose certain material financial and disciplinary information to their clients, such as a financial condition of the adviser that is reasonably likely to impair the adviser's ability to meet its contractual commitments to clients, or any legal or ...

1. Past Specific Recommendations – Under the existing rule, an adviser wanting to include in an advertisement past specific recommendations that are or would be profitable had to also provide, or offer to provide,17 a list of all recommendations made during the prior 12 months, disclosure.

Section 206 of the Advisers Act generally prohibits investment advisors from engaging in any fraudulent, deceptive, or manipulative conduct. Rule 206(4)-1 regulates marketing practices to help reduce instances of market manipulation and protect investors so they can make informed decisions.