REGULATION OF INVESTMENT ADVISORS BY US SECURITIES AND EXCHANGE COMMISSION
The Uniform Securities Act, as written by Congress, specifically protects a publisher’s right to freedom of speech as provided by the US Constitution’s First Amendment. Thus, expressly excluded from the definition of "investment adviser" in federal law is "the publisher of bona fide newspaper, news magazine or business or financial publication of general and regular circulation."
Although the current phraseology is shorter, it’s meaning, as interpreted by the SEC, has not changed from the more verbose phraseology of earlier revisions that read: "a publisher of any bona fide newspaper, news column, newsletter, news magazine, or business or financial publication or service, whether communicated in hard copy form, or by electronic means, or otherwise, that does not consist of the rendering of advice on the basis of the specific investment situation of each client."
In 1985 the U.S. Supreme Court heard Lowe v. SEC - 472 U.S. 181 and vindicated Lowe based on the law’s clearly intended exclusion of newsletter publishers from the definition of "investment adviser."
WETRADEALERTS is not a registered investment advisor and does not provide professional financial investment advice specific to your financial and life situation. Wetradealerts provides an algorithmic strategy analysis tool that produces Strategy trade signals according to the settings you provide it for analysis and a trading alert newsletter
Additionally, the homepage of WETRADEALERTS page includes this disclaimer : WETRADEALERTS is not a registered investment advisor and does not provide professional financial investment advice specific to your life situation.
WETRADEALERTS provides an algorithmic market analysis bot and a newsletter that produces trade signals according to the settings provided for analysis and generalized recommendations ( Impersonal advice ) and disinterested commentary. ( SEC Investment Adviser - Exclusions from definition - 4.Publishers )
The following documents are provided for reference from the SEC, Congress, and the Supreme Court.