Laws & RegulationsCâu 7 / 100
A federal covered investment adviser with clients in five states is generally subject to registration and oversight primarily by:
a.The SEC, though states retain antifraud authority
b.Each state in which it has a single client
c.Only the state of its principal office
d.No regulator, because it is federal covered
Giải thích
A federal covered adviser registers with the SEC rather than with individual states. However, states retain antifraud jurisdiction and can require notice filings and fees. This preserves state enforcement power while avoiding duplicative registration.
Trích dẫn luật: Investment Advisers Act of 1940Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An investment adviser representative learns material nonpublic information about a public company from a client who is a corporate insider. The IAR then buys the stock for personal gain. This conduct is best described as:
- Under the Uniform Securities Act, which person would MOST likely need to register as an agent?
- Which of the following professionals would most likely qualify for the exclusion from the definition of investment adviser because advice is incidental to their practice and no special compensation is received?
- An agent tells a customer, 'This stock is guaranteed to go up because the state Administrator approved the registration.' This statement is:
- Which of the following is an exempt TRANSACTION under the Uniform Securities Act?
- The state Administrator may deny, suspend, or revoke the registration of an agent if the agent:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NASAA Series 66 Uniform Combined State Law Exam · Quy trình kiểm tra