Registration of investment advisers-Necessity of registration

15 U.S. Code § 80b–3 - Registration of investment advisers

 (a) Necessity of registration

Except as provided in subsection (b) of this section and section 80b–3a of this title, it shall be unlawful for any investment adviser, unless registered under this section, to make use of the mails or any means or instrumentality of interstate commerce in connection with his or its business as an investment adviser.