PRESS RELEASE FOR IMMEDIATE RELEASE:
March 17, 2014
40Act.com LAUNCHES WEB-BASED COMPLIANCE SERVICES FOR INVESTMENT ADVISERS
Westborough, Massachusetts – 40Act.com, LLC today announced the launch of its Internet-based compliance and legal services website, www.40Act.com. The new website is designed as a single-source solution tailored to the compliance and legal information needs of money managers, compliance officers, attorneys, academics and related professionals. Designed to help investment advisers and their professionals deal with the torrent of unprecedented regulation, 40Act.com is a professionally curated reference and research tool. The site’s comprehensive collection of materials addresses all of the nuances of regulation in an easy-to-navigate fashion on any size or type of Internet connected device. Providing over 500 pages of information, 40Act.com houses the largest collection of advisory compliance and legal information on the web:
- A subject matter treatise explaining the basics and nuances of law and compliance
- A detailed How-To Guide
- 100s of sample and model documents, including SEC filing forms, compliance procedures and model agreements
- Comprehensive Reference tools including relevant laws, rules, key cases, administrative determinations and guidance, and links to major investment-related service providers
- Updates on new SEC rulings and emerging business trends
“While there are books and highly generalized legal sites, 40Act.com fills a critical gap by focusing on laws applicable to investment advisers,” said Karl Hartmann, Founder and Principal of 40Act.com LLC. “The content in this site is unparalleled on the web in terms of scope and level of detail. Investment businesses and professionals want quick access to high-quality information and resources—we deliver it in one complete package.”
To reinforce its dedication to the advisory business, the site’s name is derived from the principle statutes that regulate investment advisers: Investment Advisers Act of 1940 and the Investment Company Act of 1940. Initially, the former statute is the focus of the site.
“40Act.com is much more than a world-class assemblage of content for advisers,” Hartmann said. “We’re striving to create a community where interested professionals can exchange ideas, post materials and promote best professional compliance practices.” Hartmann, a professor at Suffolk University Law School in Boston and former Senior Vice President and General Counsel for one of the world’s largest investment manager servicing banks, stressed the depth of expertise and experience behind the site. “In addition to my 35 years’ experience working with advisers, I have a small and dedicated team of contributors helping me,” he said. “All totaled, we’ve got over 100 years of experience and hope others will join us in building it. Priced at only $375 per user annually, 40Act.com is ideal for those planning to enter into the advisory business, as well as for financial institutions already servicing the industry," Hartmann added.
The content and services available on the site are expected to grow rapidly over the next year. “Enhancing services and adding information will be our top priority as we keep pace with the rapid changes in the financial services industry,” said Mr. Hartmann.
For more information, visit www.40Act.com.