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I’m going to open up a topic that has the potential to create a bit of controversy. Here’s my bold statement:
Investment advisers registered under the SEC who use the “Recommendations” feature of LinkedIn.com may be in violation of Rule 206(4) of the Investment Advisers Act of 1940.
I’ve discussed this topic with several members of my local financial planning community, including investment adviser litigation defense attorneys. More recently the topic has come up in discussions with other professionals I have connected with through Twitter, including Susan Weiner, CFA and Kristen Luke.
Investment Adviser Rules
