Laws & RegulationsCâu 14 / 100
An investment adviser wants to enter a contract that assigns the advisory agreement to another firm following a merger. Under the Uniform Securities Act, assignment of an advisory contract generally requires:
a.No client involvement whatsoever
b.Only a notice filing with the SEC
c.Approval solely by the Administrator
d.Consent of the client
Giải thích
An advisory contract may not be assigned without the client's consent. This protects the personal nature of the advisory relationship. A change in control of the adviser may also constitute an assignment requiring consent.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under NASAA model rules on custody, an investment adviser that has custody of client funds or securities generally must:
- A broker-dealer with no place of business in a state deals exclusively with which type of client and may qualify for an exemption from registration in that state?
- Under the Investment Advisers Act, an adviser's brochure (Form ADV Part 2) must be delivered to a client:
- Which of the following best describes a fiduciary obligation that an investment adviser owes but a broker-dealer historically did not owe under a pure suitability standard?
- An agent 'churns' a client's account. This unethical practice is best defined as:
- Under the Uniform Securities Act, the term 'security' would NOT typically include:
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