Sec. 36b-22a. Investment advisers and investment adviser agents to provide schedule of charges, fees and penalties to clients.
Sec. 36b-22a. Investment advisers and investment adviser agents to provide
schedule of charges, fees and penalties to clients. Each investment adviser required
to register under section 36b-6 or investment adviser agent, as defined in section 36b-3, except an investment adviser representative, as defined in Securities and Exchange
Commission Rule 203A-3, 17 CFR 275.203A-3, shall provide to each customer or client,
upon request, a schedule of any charges, fees or penalties imposed on a customer or
client for the acquisition, transfer or holding of securities. Such schedule shall fully
disclose any variance, advantage or economy of volume purchases to be realized by the
customer or client.
(P.A. 05-111, S. 1.)