Investment Advice Standards & Regulatory Boundaries Purpose This skill covers the critical regulatory distinctions between investment education, general information, recommendations, and investment advice under the Investment Advisers Act of 1940, Regulation Best Interest, and related federal and state frameworks. It provides the analytical tools to determine when a person, platform, or algorithm crosses the line from permissible education or information into regulated investment advice requiring registration, and the compliance consequences of getting that determination wrong. Layer 9 — Comp…