HR 2412
102th Congress
House
Finance and Financial Sector
Civil actions and liability
Conflict of interests
Financial services
Information disclosure (Securities law)
Investment advisers
Investments
Liability (Law)
Investment Advisors Disclosure and Enforcement Act of 1991
Introduced: May 21, 1991
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 22, 1992
For Further Action See H.R.5726.
May 31, 1991
Referred to the Subcommittee on Telecommunications and Finance.
May 21, 1991
Referred to the House Committee on Energy and Commerce.
May 21, 1991
Introduced in House
Plain-English summary
Investment Advisors Disclosure and Enforcement Act of 1991 - 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.
Sets forth: (1) prohibited practices regarding securities recommendations; and (2) disclosure requirements regarding conflicts of interests for investment advisers. Expands the definition of investment planners and related businesses.
What's happening now
For Further Action See H.R.5726.
Committees of jurisdiction
2