kaal:claim:2337268-003

Exemption from registration under the IAA does not exempt an adviser from the antifraud provision, which reaches both negligent misstatements and misstatements made with intent to defraud.

Source quote, verbatim

Investment advisers who are exempt from registration are still subject to the IAA's antifraud provision,6 which applies to negligent misstatements and misstatements made with the intent to defraud.

From

Wulf A. Kaal, Investment Adviser Regulation (2013), Introduction, p. 4
https://ssrn.com/abstract=2337268 · source PDF

Cite as

Wulf A. Kaal, Investment Adviser Regulation (2013). SSRN: https://ssrn.com/abstract=2337268

Holds when

advisers exempt from SEC registration

Classification

conditionsupport: assertedsecurities-lawprivate-funds

Verify

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Attestation record: colloquium/attestations/6a5a2c0dc5132594...json
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