002-10 Wyo. Code R. §§ 10-15 - Required Disclosures for Investments that Incorporate a Social Objective
(a) If an
investment adviser or investment adviser representative incorporates a social
objective into a discretionary investment decision to buy or sell a security or
commodity for a customer or client, advice or a recommendation to a customer or
client for the purchase or sale of a security or commodity, or the selection,
or advice or a recommendation to a customer or client regarding the selection
of a third-party manager or subadviser to manage the investments in the
customer or client's account, then such investment adviser or investment
adviser representative shall disclose to such customer or client the existence
of such incorporation.
(b) The
disclosure obligation under subsection (a) of this section is satisfied by
providing clear and conspicuous disclosure, via written communication.
Thereafter, the disclosure shall be provided to the customer or client on an
annual basis and whenever the investment adviser or investment adviser
representative undergoes a suitability review with a customer or
client.
Notes
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(a) If an investment adviser or investment adviser representative incorporates a social objective into a discretionary investment decision to buy or sell a security or commodity for a customer or client, advice or a recommendation to a customer or client for the purchase or sale of a security or commodity, or the selection, or advice or a recommendation to a customer or client regarding the selection of a third-party manager or subadviser to manage the investments in the customer or client's account, then such investment adviser or investment adviser representative shall disclose to such customer or client the existence of such incorporation.
(b) The disclosure obligation under subsection (a) of this section is satisfied by providing clear and conspicuous disclosure, via written communication. Thereafter, the disclosure shall be provided to the customer or client on an annual basis and whenever the investment adviser or investment adviser representative undergoes a suitability review with a customer or client.