Every investment adviser subject to shall establish, maintain, and enforce written policies and procedures reasonably designed, taking into consideration the nature of such investment adviser’s business, to prevent the misuse in violation of this chapter or the Securities Exchange Act of 1934 [ et seq.], or the rules or regulations thereunder, of material, nonpublic information by such investment adviser or any person associated with such investment adviser. The Commission, as it deems necessary or appropriate in the public interest or for the protection of investors, shall adopt rules or regulations to require specific policies or procedures reasonably designed to prevent misuse in violation of this chapter or the Securities Exchange Act of 1934 (or the rules or regulations thereunder) of material, nonpublic information.
Structure US Code
CHAPTER 2D— INVESTMENT COMPANIES AND ADVISERS
SUBCHAPTER II— INVESTMENT ADVISERS
§ 80b–3. Registration of investment advisers
§ 80b–3a. State and Federal responsibilities
§ 80b–4. Reports by investment advisers
§ 80b–4a. Prevention of misuse of nonpublic information
§ 80b–5. Investment advisory contracts
§ 80b–6. Prohibited transactions by investment advisers
§ 80b–7. Material misstatements
§ 80b–9. Enforcement of subchapter
§ 80b–10. Disclosure of information by Commission
§ 80b–11. Rules, regulations, and orders of Commission
§ 80b–13. Court review of orders
§ 80b–14. Jurisdiction of offenses and suits
§ 80b–15. Validity of contracts
§ 80b–18. Hiring and leasing authority of Commission
§ 80b–18a. State regulation of investment advisers
§ 80b–18b. Custody of client accounts
§ 80b–18c. Rule of construction relating to the Commodities Exchange Act