14 Ill. Adm. Code 130.854
Use of the Term "Investment Counsel"
Section 130
Section 130.854 Use of the
Term "Investment Counsel"
No registered investment adviser
or its representative shall use the title "Investment Counsel" in the
conduct of its business nor represent that it is an "investment
counsel" nor use the term "investment counsel" as descriptive of
its business unless the person is primarily engaged in the business of
rendering investment supervisory services.