# kaal:claim:2337268-028

**Claim.** Investment advisers that provide advice exclusively through the Internet may register with the SEC regardless of how much they have under management, so the delivery channel rather than size determines the forum.

**Type.** condition  **Support.** asserted

**Holds when.**

- advisers providing investment advice exclusively through the Internet

**Source quote.**

> Regardless of the amount of AUM, investment advisers that provide investment advice exclusively through the Internet may register with the SEC.88

**From.** Wulf A. Kaal, *Investment Adviser Regulation* (2013), 5. Blue Sky Laws, page 17

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

**Verify.** sha256 of source PDF `7075ce35282a8ee75b81ae3dec0e19f68631beae7f3c3a00ab2827538dc9e302` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202013%20-%20Investment%20Adviser%20Regulation.pdf

**Topics.** securities-law

**Keywords.** internet-advisers, sec-registration, aum-thresholds, blue-sky-laws

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