Template:Investment research and the Investment Advisers Act 1940: Difference between revisions
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A superbly literalist, non-sensical view of the world, but there you have it. It wouldn’t be the first time, America. | A superbly literalist, non-sensical view of the world, but there you have it. It wouldn’t be the first time, America. | ||
===So, what does this mean then?==== | ====So, what does this mean then?==== | ||
This means a US [[broker-dealer]] can provide [[Investment research|research]] to its clients without having to register with the {{tag|SEC}} as an [[investment adviser]] ''so long as it doesn’t earn any “[[special compensation]]” relating to the research. A bundled trading [[commission]] is the traditional means of compensating a broker-dealer for execution and research in a way that avoids special compensation. | This means a US [[broker-dealer]] can provide [[Investment research|research]] to its clients without having to register with the {{tag|SEC}} as an [[investment adviser]] ''so long as it doesn’t earn any “[[special compensation]]” relating to the research. A bundled trading [[commission]] is the traditional means of compensating a broker-dealer for execution and research in a way that avoids special compensation. | ||
===Sorry you asked?=== | ===Sorry you asked?=== |