RegistrationCâu 11 / 100
A state-registered investment adviser maintains custody of client funds and securities. Regarding financial requirements, the Administrator may:
a.Require a minimum net worth and a surety bond, though an adviser that meets the state's net worth standard may be excused from posting the bond
b.Require a surety bond but never a minimum net worth
c.Require nothing, because financial requirements are set exclusively by federal law
d.Require the adviser to insure client accounts against market losses
Giải thích
The act authorizes the Administrator to establish minimum net capital or net worth standards for broker-dealers and advisers and to require surety bonds, particularly where the firm has custody or discretionary authority. States commonly allow an adviser that satisfies the net worth requirement to deposit cash or securities in lieu of the bond or to be excused from it. No state may require a firm to guarantee client accounts against market loss.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An agent resigns from Broker-Dealer One and joins Broker-Dealer Two the following week. Under the Uniform Securities Act, notice of the change must be given to the Administrator by:
- Which individual at a state-registered investment advisory firm would be considered an investment adviser representative?
- Absent a denial order or pending proceeding, an application for registration as a broker-dealer, agent, investment adviser, or investment adviser representative becomes effective:
- A registered broker-dealer files an application to withdraw its registration in a state. Which statement is correct?
- Unless renewed, the registration of a broker-dealer, agent, investment adviser, or investment adviser representative expires:
- An individual represents a corporate issuer in selling only United States Treasury notes and general obligation bonds of the state to the public. Under the Uniform Securities Act, this individual:
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