kaal:claim:2337268-035

The passive electronic bulletin board exemption holds only so long as the provider gives no advice on the merits of any particular trade and stays out of securities purchases and sale negotiations.

Source quote, verbatim

In order to remain exempt from registration as an investment adviser under the IAA, the provider of a "passive" electronic bulletin board cannot give advice regarding the merits of any particular trade and he or she cannot be involved in the purchase of securities or sale negotiations.

From

Wulf A. Kaal, Investment Adviser Regulation (2013), 8. Internet Related Updates, p. 20
https://ssrn.com/abstract=2337268 · source PDF

Cite as

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

Holds when

providers of electronic bulletin boards posting securities information

Classification

conditionsupport: assertedcorporate-governancesecurities-law

Verify

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Attestation record: colloquium/attestations/7c86fa32773efd3d...json
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