FEDERAL · 15 U.S.C. · Chapter 2D
Custody of client accounts
15 U.S.C. § 80b–18b
Title15 — Commerce and Trade
Chapter2D — INVESTMENT COMPANIES AND ADVISERS
SubchapterII
Current throughPub. L. 119-99
This text of 15 U.S.C. § 80b–18b (Custody of client accounts) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
15 U.S.C. § 80b–18b.
Text
An investment adviser registered under this subchapter shall take such steps to safeguard client assets over which such adviser has custody, including, without limitation, verification of such assets by an independent public accountant, as the Commission may, by rule, prescribe.
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Source Credit
History
(Aug. 22, 1940, ch. 686, title II, §223, as added Pub. L. 111–203, title IV, §411, July 21, 2010, 124 Stat. 1577.)
Editorial Notes
Statutory Notes and Related Subsidiaries
Effective Date
Section effective 1 year after July 21, 2010, except that any investment adviser may, at the discretion of the investment adviser, register with the Commission under the Investment Advisers Act of 1940 during that 1-year period, subject to the rules of the Commission, and except as otherwise provided, see section 419 of Pub. L. 111–203, set out as an Effective Date of 2010 Amendment note under section 80b–2 of this title.
Effective Date
Section effective 1 year after July 21, 2010, except that any investment adviser may, at the discretion of the investment adviser, register with the Commission under the Investment Advisers Act of 1940 during that 1-year period, subject to the rules of the Commission, and except as otherwise provided, see section 419 of Pub. L. 111–203, set out as an Effective Date of 2010 Amendment note under section 80b–2 of this title.
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Bluebook (online)
15 U.S.C. § 80b–18b, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/80b–18b.