Understanding the intricacies and implications of the Investment Advisers Act of 1940 (Advisers Act) is fundamental to the core responsibilities of any investment adviser compliance professional. A section-by-section review of the Advisers Act brings renewed focus to the root source of each requirement, many of which are likely to be encountered in compliance departments of firms of every size. Everyday situations are incorporated to bring the Advisers Act to life, including practical advice about writing, implementing and maintaining policies to create strong internal controls that work within your firm’s business operations.

Partner David Solander will be presenting during this session, which details the core provisions of the Advisers Act that define, among other things, who qualifies as an “investment adviser,” governs who must register as an investment adviser with the SEC and who is prohibited or exempted from registering, and the SEC/state division of labor regarding the regulation of investment advisers. This session will cover Advisers Act sections 201-203A and 207-224 as well as related SEC rules.

Other key focal points of this session address SEC rulemaking initiatives to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.