710 IAC 4-9-17
710 IAC 4-9-17 Refunds
Cite as Ind. Admin. Code tit. 710, r. 4-9-17
Sec. 17. Investment advisers and investment adviser representatives shall not advertise or represent to clients that subscriptions, fees, or
other payments will be refunded to clients if they are not satisfied unless the:
(1) advertisement or representation to refund is clear and unequivocal and based not on the merit or success of the service, but on the
client's satisfaction with the services; and
(2) investment adviser's financial capability is adequate to ensure its ability to meet all refund demands.