Laws & RegulationsCâu 86 / 110
Regarding advisory fees, which arrangement is generally prohibited for most retail advisory clients?
a.A flat annual fee for financial planning
b.A performance-based fee charged to a non-qualified retail client
c.A fee based on a percentage of assets under management
d.An hourly fee for consultations
Giải thích
Performance-based fees, which compensate the adviser based on gains in the account, are generally prohibited except for qualified clients meeting income or net worth thresholds, because they can encourage excessive risk-taking. Flat, hourly, and asset-based fees are commonly permitted. This restriction protects less sophisticated retail investors.
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
- An investment adviser that has custody of client funds or securities is generally required to do which of the following?
- Under the Uniform Securities Act, which of the following is generally considered a prohibited practice for an investment adviser?
- An investment adviser's Form ADV Part 2 (the 'brochure') primarily serves which purpose?
- Under the Uniform Securities Act, which of the following is excluded from the definition of a 'security'?
- An agent (broker-dealer representative) who engages in 'selling away' is doing which of the following?
- An adviser wishing to enter into an agency cross transaction (acting as broker for both sides) must generally do which of the following?
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