How does this skill help with SEC registration questions?

It applies the SEC’s three-prong test (Advice, Business, Compensation) to help you determine if your activity or platform requires registration as an investment adviser.

Is this skill a substitute for legal counsel?

No, this skill provides regulatory guidance and analytical frameworks based on SEC rules, but it should be used to inform, not replace, formal reviews by legal and compliance professionals.

Does this cover Regulation Best Interest (Reg BI)?

Yes, it explains the 'recommendation' trigger that subjects broker-dealers to Reg BI obligations when interacting with retail customers through digital platforms.

Can this skill evaluate AI chatbots for compliance?

Yes, it provides specific guidance on when an AI tool's algorithmic outputs transition from general information to regulated, personalized investment advice.

What is the 'Publisher's Exclusion' covered by this skill?

It refers to Section 202(a)(11)(D) of the Advisers Act, which excludes bona fide financial publications of general and regular circulation from the definition of an investment adviser.

Investment Advice Compliance Standards

Name: Investment Advice Compliance Standards
Author: JoelLewis

byJoelLewis

•

安全与测试

Determines when financial products or communications cross the regulatory line from education into regulated investment advice.

This skill provides critical guidance on the legal boundaries between investment education and regulated advice under the Investment Advisers Act of 1940 and Regulation Best Interest. It helps developers and compliance teams evaluate whether fintech features, AI chatbots, or digital platforms require SEC registration by applying the SEC's three-prong test and analyzing key exclusions like the publisher’s or 'solely incidental' broker-dealer safe harbors. It is particularly useful for assessing whether digital tools or automated communications constitute a 'recommendation' that triggers fiduciary or best-interest obligations.

主要功能

01Analyzes the SEC's three-prong test for investment adviser registration status

02Clarifies 'solely incidental' and 'publisher's' exclusions for digital content

0318 GitHub stars

04Evaluates fintech and AI features against regulatory 'recommendation' triggers

05Reviews disclaimer and disclosure language for regulatory compliance boundaries

06Provides guidance on DOL education vs. advice safe harbors for retirement plans

使用场景

01Determining if a new AI-powered robo-advisory feature requires investment adviser registration

02Evaluating whether a financial newsletter or model portfolio qualifies for the publisher's exclusion

03Assessing if a broker-dealer's digital communication constitutes a 'recommendation' under Reg BI

What are Skills?·How to Install

Install with 🐟 Skill.Fish

npx skillfish add joellewis/finance_skills advice-standards

For use in Claude.ai and ChatGPT

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