Laws & RegulationsCâu 102 / 110
When an adviser pays a cash fee to a third-party solicitor for referring clients, the arrangement generally requires:
a.No disclosure of any kind to the referred client
b.That the solicitor personally guarantee investment results
c.A written agreement and disclosure of the solicitor's compensation to the client
d.That the client pay the solicitor directly in cash
Giải thích
Cash referral or solicitation arrangements generally require a written agreement between the adviser and solicitor and disclosure to the prospective client of the solicitor's relationship with the adviser and the compensation paid. This transparency lets clients weigh the conflict of interest behind a referral. Undisclosed paid referrals are prohibited.
Trích dẫn luật: Investment Advisers Act of 1940Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under the Investment Advisers Act of 1940, an advisory contract must generally provide that:
- A federal covered adviser doing business in a state is generally subject to which state requirement?
- 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:
- Which use of a professional designation or registration status by an adviser would be considered misleading?
- 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?
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