Laws & RegulationsCâu 105 / 110
An adviser's obligation to protect clients' nonpublic personal information and provide a privacy notice arises principally from which requirement?
a.The custody rule's surprise examination
b.Privacy rules (such as Regulation S-P) governing the safeguarding of customer information
c.The performance-fee restriction
d.The brochure rule's 48-hour delivery standard
Giải thích
Privacy rules, including Regulation S-P, require financial firms such as advisers to safeguard clients' nonpublic personal information and to provide privacy notices describing their information-sharing practices. This protects client confidentiality and limits improper disclosure to third parties. It is distinct from custody, performance-fee, and brochure-delivery requirements.
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
- 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?
- 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?
- 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?
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