The Uniform Securities Act does not require an investment advisory contract to disclose the IA's past performance are the provisions for a refund in the event of early contract termination.
The Uniform Securities Act is a model statute designed to guide every country in drafting its nation securities regulation. It changed into created through the countrywide conference of Commissioners on Uniform country legal guidelines. The Uniform Securities Act (united states) provides fundamental investor protection from securities fraud, complementing the federal Securities and change Act. The act best applies to securities now not regulated by way of the Securities and exchange fee.
The Uniform Securities Act defines a "broking-dealer," it defines an "agent" of a broking-supplier (which is a registered representative, however this is the federal name, not the nation call); it defines an "investment adviser;" and it defines an "investment adviser representative" (the agent of an funding adviser).
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