Free Version

Review Topics
Practice Exams
I'm a big believer in visualizing success. I was a late bloomer, but Mom always told me to picture myself as the largest land mammal in North America. Now who's the size of a small pickup truck? This buffalo.

The 1940 Investment Advisors Act

Dashboard > Federal Acts > The 1940 Investment Advisors Act

The 1940 Investment Advisors Act

The 1940 Investment Advisors Act targeted the evil-doers, the ones who convinced Ma and Pa to speculate on oil wells in the Arctic when they should have been putting their life savings into T-bills.

These evil-doers were the investment advisors themselves, and going forward, they were subject to minimum education requirements, as well as passing onerous and ungodly boring exam preps like the one you are reading now (sorry).

For the test, note that if an advisor bills outside of the trading...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

Next: The Insider Trading Act of 1988  
  Prev: The 1940 Investment Company Act

*Securities is a registered trademark of the College Board, which was not involved in the production of, and does not endorse this product.