Laws & RegulationsPregunta 108 de 110
State rules addressing an adviser that maintains custody or discretion over client accounts commonly require the adviser to do which of the following?
a.Ignore any minimum financial requirements
b.Meet minimum net worth or bonding requirements set by the Administrator, or provide required notice
c.Guarantee client accounts against loss
d.Avoid providing account statements to clients
Explicación
State rules often impose minimum net worth or surety bond requirements on advisers that have custody of or discretion over client assets, scaled to the level of authority they hold. These financial safeguards help protect clients if the adviser fails or misuses assets. Advisers must also meet applicable notice, disclosure, and statement-delivery obligations.
Referencia Legal: Uniform Securities ActPractica las 110 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- Which professional is most likely excluded from the definition of investment adviser when advice about securities is incidental to their practice and no special compensation is received?
- An adviser's obligation to protect clients' nonpublic personal information and provide a privacy notice arises principally from which requirement?
- Under the Uniform Securities Act, a willful violation of the act by an adviser or agent can result in which of the following?
- Under the Uniform Securities Act, an individual who represents a broker-dealer in effecting securities transactions is defined as which of the following, and must generally register?
- An adviser is granted authority to decide only the price and time at which to execute a client-specified purchase of a particular security. This is best described as:
- Under the NASAA model rules on unethical business practices, which of the following is prohibited for an adviser or agent?
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con NASAA Series 65 Investment Adviser Law Exam · Cómo revisamos