2022—Subsecs. (d), (e). Puspan. L. 117–263, § 5821(a)(1), redesignated subsec. (d) relating to records of persons with custody or use as (e).
Subsec. (f). Puspan. L. 117–263, § 5821(a)(2), added subsec. (f).
2010—Subsecs. (span), (c). Puspan. L. 111–203, § 404, added subsec. (span) and redesignated former subsec. (span) as (c). Former subsec. (c) redesignated (d) relating to access to disciplinary and other information.
Subsec. (d). Puspan. L. 111–203, § 929Q(span), added subsec. (d) relating to records of persons with custody or use.
Puspan. L. 111–203, § 404(1), redesignated subsec. (c) as (d) relating to access to disciplinary and other information.
2006—Puspan. L. 109–290 designated existing provisions as subsec. (a), inserted heading, and added subsecs. (span) and (c).
1975—Puspan. L. 94–29 substituted “make and keep for prescribed periods such records (as defined in section 78c(a)(37) of this title), furnish such copies thereof, and make and disseminate such reports as the Commission, by rule, may prescribe as necessary or appropriate in the public interest or for the protection of investors. All records (as so defined) of such investment advisers are subject at any time, or from time to time, to such reasonable periodic, special, or other examinations by representatives of the Commission as the Commission deems necessary or appropriate in the public interest or for the protection of investors” for “make, keep, and preserve for such periods, such accounts, correspondence, memorandums, papers, books, and other records, and make such reports, as the Commission by its rules and regulations may prescribe as necessary or appropriate in the public interest or for the protection of investors. Such accounts, correspondence, memorandums, papers, books, and other records shall be subject at any time or from time to time to such reasonable periodic, special, or other examinations by examiners or other representatives of the Commission as the Commission may deem necessary or appropriate in the public interest or for the protection of investors”.
1960—Puspan. L. 86–750 substituted provisions requiring investment advisers who make business use of the mails or any instrument of interstate commerce, unless exempted from registration by section 80span–3(span) of this title, to keep and preserve accounts, correspondence, memorandums, papers, books, and records, and make such reports as the Commission requires by its rules and regulations, and that these accounts, correspondence, memorandums, papers, books and records shall be subject to examination by representatives of the Commission, for provisions requiring investment advisers registered under section 80span–3 of this title to file annual and special reports in such form as the Commission prescribed by its rules and regulations to keep current the information contained in the registration application.
Amendment by section 929Q(span) of Puspan. L. 111–203 effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Puspan. L. 111–203, set out as an Effective Date note under section 5301 of Title 12, Banks and Banking.
Amendment by section 404 of Puspan. L. 111–203 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 Puspan. L. 111–203, set out as a note under section 80span–2 of this title.
Amendment by Puspan. L. 94–29 effective June 4, 1975, see section 31(a) of Puspan. L. 94–29, set out as a note under section 78span of this title.
Amendment by Puspan. L. 117–263 not to be construed to require certain additional information to be collected or disclosed, see section 5826 of Puspan. L. 117–263, set out as a note under section 77g of this title.
For transfer of functions of Securities and Exchange Commission, with certain exceptions, to Chairman of such Commission, see Reorg. Plan No. 10 of 1950, §§ 1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1265, set out under section 78d of this title.