Laws & RegulationsPregunta 110 de 110
Under the NASAA model rules on unethical business practices, which of the following is prohibited for an adviser or agent?
a.Explaining the risks of a recommended strategy
b.Charging a reasonable, disclosed advisory fee
c.Recommending securities consistent with the client's objectives
d.Guaranteeing a client against loss or churning the account to generate fees
Explicación
NASAA's model rules on unethical business practices prohibit conduct such as guaranteeing a client against loss, churning (excessive trading to generate commissions), and making unsuitable recommendations. These practices harm clients and undermine market integrity. Disclosing risks, charging reasonable disclosed fees, and making suitable recommendations are proper conduct, not violations.
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?
- State rules addressing an adviser that maintains custody or discretion over client accounts commonly require the adviser to do which of the following?
- 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:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con NASAA Series 65 Investment Adviser Law Exam · Cómo revisamos