Securities Lawyer's Deskbook
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The
Investment Advisers Act of 1940


Section 218 -- Hiring and Leasing Authority of the Commission


The provisions of section 4(b) of the Securities Exchange Act of 1934 shall be applicable with respect to the power of the Commission--
  1. to appoint and fix the compensation of such other employees as may be necessary for carrying out its functions under this title, and

  2. to lease and allocate such real property as may be necessary for carrying out its functions under this title.

Legislative History


Aug. 22, 1940, ch 686, Title II, § 218, 54 Stat. 857; Nov. 15, 1990, P.L. 101-550, Title I, § 104(d), 104 Stat. 2714.

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