Title 15 — Commerce and TradeRelease 119-73

§80b–18b Custody of client accounts

Title 15 › Chapter CHAPTER 2D— - INVESTMENT COMPANIES AND ADVISERS › Subchapter SUBCHAPTER II— - INVESTMENT ADVISERS › § 80b–18b

Last updated Apr 6, 2026|Official source

Full Legal Text

Title 15, §80b–18b

Commerce and Trade — Source: USLM XML via OLRC

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.

Legislative History

Notes & Related Subsidiaries

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.

Reference

Citations & Metadata

Citation

15 U.S.C. § 80b–18b

Title 15 — Commerce and Trade

Last Updated

Apr 6, 2026

Release point: 119-73