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LSDefine

Simple English definitions for legal terms

Investment Advisors Act

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A quick definition of Investment Advisors Act:

The Investment Advisors Act is a law made by the government that controls people who give advice about investing money. The Securities and Exchange Commission is in charge of making sure that the law is followed. This law is important because it helps protect people who want to invest their money from being cheated or misled.

A more thorough explanation:

The Investment Advisors Act is a law created by the federal government and enforced by the Securities and Exchange Commission. Its purpose is to regulate investment advisers, who are professionals that provide advice to people and companies about investing their money.

For example, if you hire a financial advisor to help you decide how to invest your retirement savings, that advisor is likely subject to the Investment Advisors Act. The law requires them to register with the SEC and follow certain rules to protect their clients.

Another example might be a company that manages investments for wealthy individuals or institutions. They would also be subject to the Investment Advisors Act and would need to follow the rules set out in the law.

Overall, the Investment Advisors Act is designed to ensure that investment advisers act in their clients' best interests and provide accurate and honest advice. It helps protect investors from fraud and other unethical practices in the financial industry.

investment adviser | investment bank

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1a2b3c4d26z
22:21
The wave approaches
@Dkk: this feels very speculative lol even for law school applicants
@ChowieBean: congrats Chowie!!!
RoomyAcidicPizza
22:32
i was one of the ucla WLs tonight 🥲 it's cooked lol
Dkk
22:39
I mean, if you are at like 167 then the school might just say, close enough to 170 for us. +2. This is based off of what UCLA told me when I went there.
boglue
22:39
@1a2b3c4d26z: I hope so
boglue
22:40
allegedly 11am EST or 8pm EST
Dkk
22:40
I am sure if you are applying to like Yale also, they are going to do things like oh, we can get a service member in the 170's easily. No bonus for under 170. Shit out of luck.
@Dkk: Ok, yeah if UCLA said that then that's fair. I just am not sure how universal it is. I think softs are very hard to quantify apart from the truly rare ones and for the vast majority of softs it probably depends on how you portray/how it fits in with your broader narrative.
Dkk
23:08
Indeed, Indeed!
seems there were some r and wl today for ucla? are we hoping for something tmrw
soapy
23:36
People seem hopeful for a UC wave tomorrow, but I don’t know if that’s optimism or if they talked to someone in the office
I should have written that progammatic contribution for UCLA rip
I feel like I will get waitlisted
HeadyInvincibleRabbit
23:52
you have a 178 i think you'll be fine
UCLA yield protects I think
soapy
0:11
But you got great chances at Harvard!
Dkk
0:52
Is Northwestern liberal af outside of all the political bullshit going on there? Like the staffing and discriminatory issues and the lawsuit?
3:32
Folks lean liberal, but I wouldn’t call it liberal at. There’s a variety of folks
3:32
*af
3:33
Like you said, the admin is a mess tho
Dkk
4:16
Alright, I get it.
Dkk
4:17
Man, never anyone to talk to late at night here.
Dkk
4:20
3 hours before someone said anything
HeadyInvincibleRabbit
5:03
applying ED next week
HeadyInvincibleRabbit
5:03
just keeping my fingers crossed as my stats are not the best
Dkk
5:10
Good luck!
6:57
@Dkk: I mean I think most law schools are "liberal af," but I'm assuming your question was is NU "liberal af" relative to law schools? If so I would say they've been traditionally more moderate
6:58
If you look at legislators, justices, other politicians that have graduated from there you'll see it's about an even split between Dem/Rep with most personal values converging around a more moderate approach
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