Section 207 makes it unlawful to put a wilful material untruth, or omit a required material fact, in a registration application or report filed under section 203 or 204. Section 208(a) and (b) prohibit a registered adviser from representing or implying that it has been sponsored, recommended or approved by the federal government or one of its agencies, beyond a true statement that it is registered with the effect of registration not misrepresented. Section 208(c) reserves the description investment counsel to advisers whose principal business is advising and a substantial part of which is investment supervisory services. Section 208(d) forbids doing indirectly what cannot be done directly.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.