Final Rule
Exemption for Certain Investment Advisers Operating Through the Internet
Overview
The Securities and Exchange Commission (“SEC” or “Commission”) is adopting amendments to the rule under the Investment Advisers Act of 1940 that exempts certain investment advisers that provide advisory services through the internet (“internet investment advisers”) from the prohibition on Commission registration, as well as related amendments to Form ADV. The amendments are designed to modernize the rule's conditions to account for the evolution in technology and the investment advisory industry since the initial adoption of the rule in 2002.
Prior Actions
Proposed Rule (IA-6354 )
Release Number
IA-6354
SEC Issue Date
July 26, 2023
Federal Register Publish Date
Aug. 1, 2023
Resources
Details
File Number
S7-13-23
Rule Type
Final
Release Number
IA-6578
SEC Issue Date
March 27, 2024
Effective Date
90 days after date of publication in the Federal Register
Compliance Date
See section II.EII.E of this release.
Federal Register Publish Date
April 9, 2024
Public Comments