Laws & RegulationsCâu 79 / 110
Under the Investment Advisers Act of 1940, which three elements define a person as an investment adviser (the 'three-prong test')?
a.Registration, bonding, and examination
b.Custody, discretion, and compensation
c.Providing advice about securities, as a business, for compensation
d.Managing over $100 million, having employees, and using a custodian
Giải thích
The three-prong test defines an investment adviser as a person who (1) provides advice or analysis about securities, (2) does so as part of a business, and (3) receives compensation for it. Meeting all three prongs generally triggers the definition. Certain professionals may qualify for exclusions if their advice is incidental.
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 investment adviser owes clients which standard of care?
- Which of the following best distinguishes the fiduciary standard from a suitability standard?
- Generally, an investment adviser managing $110 million or more in assets registers with which regulator?
- Under the Uniform Securities Act, the state official who administers securities law is known as the:
- Under the Uniform Securities Act, an 'investment adviser representative' (IAR) is best described as:
- An investment adviser that has custody of client funds or securities is generally required to do which of the following?
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