Laws & RegulationsCâu 100 / 110
A federal covered adviser doing business in a state is generally subject to which state requirement?
a.Full state registration and examination by the Administrator
b.No state involvement of any kind
c.State approval of its advisory contracts before use
d.A notice filing and payment of applicable fees, plus state antifraud jurisdiction
Giải thích
A federal covered adviser, registered with the SEC, is not subject to duplicative state registration, but a state may require a notice filing and fees and still enforce its antifraud provisions. This preserves federal-state coordination under the National Securities Markets Improvement Act framework. States cannot impose full registration on federal covered advisers.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under the Uniform Securities Act, which person is excluded from the definition of a 'broker-dealer' in a given state?
- The 'de minimis' exemption from state investment adviser registration generally applies when an adviser:
- Under the Investment Advisers Act of 1940, an advisory contract must generally provide that:
- If an adviser delivers its brochure at the same time the advisory contract is signed rather than at least 48 hours before, the client generally must be given:
- When an adviser pays a cash fee to a third-party solicitor for referring clients, the arrangement generally requires:
- Which use of a professional designation or registration status by an adviser would be considered misleading?
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