Talk:Investment adviser

--ThePrune 21:16, 5 October 2011 (EDT) I don't have time to add in the material right now, but I wanted to capture here an important reference document: The Regulation of Investment Advisers by The Securities and Exchange Commission, Updated to Nov. 2006. This summary document lays out in plain English the federal rules for Investment Advisors as well as supplying footnote references to the controling federal statutes. Some of the material from this document can be used to "round out" this Wiki article.

Same here, I wish I had this document sooner. It's interesting that Lawyers, Accountants, Engineers, and Teachers are specifically excluded; meaning that they don't have to comply with the regulations, as financial advice is incidental, and not a primary purpose of, the profession (within limitations). --LadyGeek 22:55, 5 October 2011 (EDT)

This document clearly states that only firms can be registered investment advisers, employees are representatives. I updated the article, citing this document as a source, and linked back to the forum. --LadyGeek 20:52, 6 October 2011 (EDT)