HR 4441
101th Congress
House
Finance and Financial Sector
Conflict of interests
Fines (Penalties)
Information disclosure (Securities law)
Investment advisers
Liability (Law)
Securities
Securities regulation
Investment Advisors Disclosure and Enforcement Act of 1990
Introduced: April 2, 1990
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 18, 1990
Subcommittee Hearings Held.
Apr 27, 1990
Referred to the Subcommittee on Telecommunications and Finance.
Apr 2, 1990
Referred to the House Committee on Energy and Commerce.
Apr 2, 1990
Introduced in House
Plain-English summary
Investment Advisors Disclosure and Enforcement Act of 1990 - Amends the Investment Advisers Act of 1940 to subject registered investment advisers (and persons controlling such advisers) to liability to persons injured by such advisers' violations of such Act.
Prescribes prohibited practices regarding securities recommendations and sets forth disclosure requirements regarding conflicts of interests for investment advisers. Expands the definition of investment planners and related businesses.
Authorizes the Securities and Exchange Commission to assess civil penalties and to seek court actions to enforce them.
What's happening now
Subcommittee Hearings Held.
Committees of jurisdiction
2