Investment Advisers Act of 1940 → §223 [80b–18b] Custody of client accounts

§223 [80b–18b] Custody of client accounts

Citation: 15 U.S.C. §80b–18b
Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section80b-18b&num=0&edition=prelim
Source credit (OLRC): (Aug. 22, 1940, ch. 686, title II, §223, as added Pub. L. 111–203, title IV, §411, July 21, 2010, 124 Stat. 1577.)

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.