investment advisory relationship
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 375 U.S. 180 - Securities & Exchange Commission v. Capital Gains Research Bureau, Inc. · 1963Most cited · 1,802 citing opinions
The Investment Advisers Act of 1940 thus reflects a congressional recognition 'of the delicate fiduciary nature of an investment advisory relationship,' as well as a congressional intent to eliminate, or at least to expose, all conflicts of interest which might incline an investment adviser—consciously or unconsciously—to render advice which was not disinterested.