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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Investment Advisers Act Of 1940

Definition:

The federal law that decides what investment advisers can and can't do (spoiler alert: they can't legally take your money and spend it all on their car collection). The Securities and Exchange Commission (SEC) enforces this law and resolves any issues about what it actually means.