What are the key provisions of the advisers act rule 204 2 that apply to cryptocurrency advisors?

3 answers

• BaccariJun 24, 2024 · 2 years ago
  As a cryptocurrency advisor, you must be aware of the key provisions of the advisers act rule 204 2. This rule requires advisors to maintain and update accurate books and records, including communications and transactions related to their advisory business. It also mandates the implementation of policies and procedures to prevent misuse of material non-public information. Additionally, cryptocurrency advisors must disclose any conflicts of interest that may arise from their advisory activities. Compliance with these provisions is crucial to ensure transparency and protect investors.
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• Idris AhmadyOct 26, 2023 · 2 years ago
  The advisers act rule 204 2 is an important regulation that cryptocurrency advisors must adhere to. It requires them to keep detailed records of their business activities, including client communications and transactions. This rule also emphasizes the need for advisors to have proper policies and procedures in place to prevent insider trading and other forms of misconduct. By complying with these provisions, cryptocurrency advisors can maintain trust and credibility in the industry.
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• Erickson WongMar 13, 2021 · 5 years ago
  BYDFi, a leading cryptocurrency exchange, understands the importance of complying with the advisers act rule 204 2. This rule requires cryptocurrency advisors to maintain accurate records of their advisory activities, including client communications and transactions. It also mandates the implementation of policies and procedures to prevent insider trading and other unethical practices. By adhering to these provisions, BYDFi ensures transparency and builds trust with its users.
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