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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 80b18b Custody of client accounts us united_states_code code_section 15 COMMERCE AND TRADE 2D INVESTMENT COMPANIES AND ADVISERS 80b18b 15 U.S.C. § 80b18b current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s80b18b data/legal/raw/us/code/title-15/usc15.xml 332ac7a427393b3fd817f5e45ef50c563249cd039df8c7d8ea0870c7a60c0b2d 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 8876f8aed3e78faede984483f951541f394a3daac869088f5973832595c55e8b 2026-07-04 official
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15 U.S.C. § 80b18b - Custody of client accounts

Text

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.

(Aug. 22, 1940, ch. 686, title II, § 223, as added Pub. L. 111203, title IV, § 411, July 21, 2010, 124 Stat. 1577.)

Notes

Statutory Notes and Related Subsidiaries

Effective DateSection 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. 111203, set out as an Effective Date of 2010 Amendment note under section 80b2 of this title.