Laws & RegulationsPregunta 28 de 100
NASAA's model rule on unethical business practices of investment advisers would consider which of the following a violation?
a.Disclosing all fees in the advisory contract
b.Borrowing money from a client who is not a lending institution or affiliate
c.Rebalancing per the client's stated policy
d.Providing the brochure before the contract
Explicación
Borrowing money or securities from a client is an unethical practice unless the client is in the business of lending, such as a bank, or is an affiliate. It creates a serious conflict of interest. Proper fee disclosure and policy-based rebalancing are appropriate conduct.
Referencia Legal: NASAA Model RulePractica las 100 preguntas gratis — sin registro.
Preguntas relacionadas de este tema
- Under the Uniform Securities Act, the statute of limitations for a purchaser to bring a civil suit for a violation is generally:
- A remedy available to a defrauded purchaser under the civil liability provisions of the Act typically allows recovery of:
- An investment adviser exercises discretion in a client account. Under the Uniform Securities Act, this generally requires:
- Which threshold generally determines whether a mid-sized adviser registers with the SEC rather than the states?
- An agent effects a transaction that is not recorded on the books of the employing broker-dealer, without the firm's knowledge or authorization. This is best described as:
- The definition of 'sale' or 'offer to sell' under the Uniform Securities Act generally includes:
Última revisión: · proceso editorial
Equipo Editorial de PrepPass · Verificado con NASAA Series 66 Uniform Combined State Law Exam · Cómo revisamos