ï· Section 36(a) of the Investment Company Act of 1940: Under Section 36(a) of the. Investment Company Act of 1940, an adviser can be held liable for breach of fiduciary. 14 And others, such as brokers, dealers and their associated persons.
1. 1  Sometimes, gimbal. a contrivance, consisting of a ring or base on an axis, that permits an object, as a ship's compass, mounted in or on it to tilt freely in any direction, in effect suspending the object so that it will remain horizontal even when its support is tipped.
A gyroscope (from Greek Î³á¿¦ÏÎ¿Ï guros, gÃ»ros circle and ÏÎºÎ¿ÏÎ­Ï, skopeÅ skopÃ©Å) to look is a spinning wheel or disc in which the axis of rotation is free to assume. Any orientation, when rotating the orientation of this axis is unaffected by tilting or rotation of, the mounting according to the conservation of. angular momentumhe outer gimbal or ring, which is the gyroscope frame, is mounted so as to pivot about an axis in its own plane determined by the support. This outer gimbal possesses one degree of rotational freedom and its axis possesses none.