The anti-fraud provisions of the Investment Advisers Act of 1940 and most state laws impose a duty on Investment Advisors to act as fiduciaries in dealings with their clients .
DET ADJ NOUN ADP DET PROPN PROPN PROPN ADP NUM CCONJ ADJ NOUN NOUN VERB DET NOUN ADP PROPN PROPN PART VERB ADP NOUN ADP NOUN ADP PRON NOUN .