More terms
Form ADV
The public regulatory form advisers use to register or report, covering ownership, business practices, clients, conflicts, disciplinary history, and fees.
What traders should verify
For Form ADV, inspect the legal structure, adviser and Form ADV, investor eligibility, strategy, holdings, fees, leverage, liquidity, conflicts, and reporting date.
Do not conflate
The label Form ADV does not by itself establish registration status, current holdings, liquidity, risk, performance, or investor eligibility.
Primary source
SEC definitionSource boundary: this glossary reflects SEC staff views and is not a Commission rule, regulation, or statement. Check the linked source for current wording and legal context.