710 Ind. Admin. Code 4-9-17

Current through October 16, 2024

Section 710 IAC 4-9-17 - Refunds

Authority: IC 23-19-6-5

Affected: IC 23-19-4-12

Sec. 17.

Investment advisers and investment adviser representatives shall not advertise or represent to clients that subscriptions, fees, or other payments will be refunded to clients if they are not satisfied unless the:

(1) advertisement or representation to refund is clear and unequivocal and based not on the merit or success of the service, but on the client's satisfaction with the services; and

(2) investment adviser's financial capability is adequate to ensure its ability to meet all refund demands.

710 IAC 4-9-17

Securities Division; 710 IAC 4-9-17; filed Jun 28, 2010, 2:36 p.m.: 20100728-IR-710100044FRA

Readopted filed 5/12/2016, 1:47 p.m.: 20160608-IR-710160136RFA

Readopted filed 11/30/2022, 4:01 p.m.: 20221228-IR-710220301RFA