Source: https://law.justia.com/codes/us/2017/title-15/chapter-2d/subchapter-ii/sec.-80b-3/
Timestamp: 2020-07-10 07:30:57
Document Index: 3629570

Matched Legal Cases: ['§ 80', '§ 80', '§80', '§203', '§2', '§24', '§29', '§202', '§102', '§702', '§401', '§205', '§5', '§303', '§508', '§301', '§1', '§209', '§604', '§4', '§403', '§925', '§74001']

15 U.S.C. § 80b-3 (2017) - Registration of investment advisers :: 2017 US Code :: US Codes and Statutes :: US Law :: Justia
Justia › US Law › US Codes and Statutes › US Code › 2017 US Code › Title 15 - Commerce and Trade › Chapter 2D - Investment Companies and Advisers › Subchapter II - Investment Advisers › Sec. 80b-3 - Registration of investment advisers
Sec. 80b-3 - Registration of investment advisers
Citation 15 U.S.C. § 80b-3 (2017)
Section Name §80b–3. Registration of investment advisers
Section Text (a) Necessity of registration
(B) any investment adviser that is registered with the Commodity Futures Trading Commission as a commodity trading advisor and advises a private fund, provided that, if after July 21, 2010, the business of the advisor should become predominately the provision of securities-related advice, then such adviser shall register with the Commission.1
(D) involves the violation of section 152, 1341, 1342, or 1343 or chapter 25 or 47 of title 18, or a violation of 2 substantially equivalent foreign statute.
(C) aided, abetted, counseled, commanded, induced, or procured the violation by any other person of any foreign statute or regulation regarding transactions in securities or contracts of sale of a commodity for future delivery traded on or subject to the rules of a contract market or any board of trade, or has been found, by the foreign finanical 3 regulatory authority, to have failed reasonably to supervise, with a view to preventing violations of statutory provisions, and rules and regulations promulgated thereunder, another person who commits such a violation, if such other person is subject to his supervision; or
(i) Money penalties in administrative proceedings (1) Authority of Commission (A) In general
(iv) has failed reasonably to supervise, within the meaning of subsection (e)(6), with a view to preventing violations of the provisions of this subchapter and the rules and regulations thereunder, another person who commits such a violation, if such other person is subject to his supervision; 4
(2) Maximum amount of penalty (A) First tier
(k) Cease-and-desist proceedings (1) Authority of Commission
(3) Temporary order (A) In general
(4) Review of temporary orders (A) Commission review
(l) Exemption of venture capital fund advisers (1) In general
(m) Exemption of and reporting by certain private fund advisers (1) In general
The Commission shall provide an exemption from the registration requirements under this section to any investment adviser of private funds, if each of 5 such investment adviser acts solely as an adviser to private funds and has assets under management in the United States of less than $150,000,000.
(Aug. 22, 1940, ch. 686, title II, §203, 54 Stat. 850; Pub. L. 86–750, §§2–5, Sept. 13, 1960, 74 Stat. 885, 886; Pub. L. 91–547, §24, Dec. 14, 1970, 84 Stat. 1430; Pub. L. 94–29, §29(1)–(4), June 4, 1975, 89 Stat. 166–169; Pub. L. 96–477, title II, §202, Oct. 21, 1980, 94 Stat. 2290; Pub. L. 99–571, title I, §102(m), Oct. 28, 1986, 100 Stat. 3220; Pub. L. 100–181, title VII, §702, Dec. 4, 1987, 101 Stat. 1263; Pub. L. 101–429, title IV, §401, Oct. 15, 1990, 104 Stat. 946; Pub. L. 101–550, title II, §205(b), (c), Nov. 15, 1990, 104 Stat. 2719, 2720; Pub. L. 104–62, §5, Dec. 8, 1995, 109 Stat. 685; Pub. L. 104–290, title III, §§303(b), (d), 305, title V, §508(d), Oct. 11, 1996, 110 Stat. 3438, 3439, 3448; Pub. L. 105–353, title III, §301(d)(1), Nov. 3, 1998, 112 Stat. 3237; Pub. L. 106–554, §1(a)(5) [title II, §209(b)], Dec. 21, 2000, 114 Stat. 2763, 2763A–436; Pub. L. 107–204, title VI, §604(b), (c)(2), July 30, 2002, 116 Stat. 796; Pub. L. 109–291, §4(b)(3)(C), Sept. 29, 2006, 120 Stat. 1337; Pub. L. 111–203, title IV, §§403, 407, 408, title IX, §§925(b), 929P(a)(4), 985(e)(1), July 21, 2010, 124 Stat. 1571, 1574, 1575, 1851, 1864, 1935; Pub. L. 114–94, div. G, title LXXIV, §§74001, 74002, Dec. 4, 2015, 129 Stat. 1786.)
2 So in original. Probably should be "of a".
3 So in original. Probably should be "financial".
4 So in original. The semicolon probably should be a period.
5 So in original. The word "of" probably should not appear.
Contains section 80b-3
54 Stat. 850
89 Stat. 166-169
94 Stat. 2290
100 Stat. 3220
104 Stat. 946, 2719
112 Stat. 3237
129 Stat. 1786
Public Law References Public Law 85-699, Public Law 86-750, Public Law 91-547, Public Law 94-29, Public Law 96-477, Public Law 99-571, Public Law 100-181, Public Law 101-429, Public Law 101-550, Public Law 104-62, Public Law 104-290, Public Law 105-353, Public Law 106-554, Public Law 107-204, Public Law 109-291, Public Law 111-203, Public Law 114-94