When testimonials or endorsements are applied, the IA or IA promoter (if one is getting used) will have to give the next disclosures Evidently and prominently:
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Evidently and prominently discloses, or even the investment adviser fairly believes the third-celebration rating Evidently and prominently discloses:
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If an IAR intends to make use of recommendations or endorsements, it’s crucial for her to evaluation her business’s procedures. In essence, the IAR should have an inexpensive foundation for believing that the testimonial or endorsement complies Together with the SEC rule.
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