Registration第 18 / 100 题
An individual who advises clients on behalf of a federal covered investment adviser works out of the firm's branch office in State P. This individual:
a.Is exempt from state registration because the firm is federally covered
b.Must register with the SEC rather than with State P
c.Must register as an investment adviser representative in State P because he has a place of business there
d.Need not register anywhere as long as he has fewer than six clients
解析
Although the firm itself is federally covered and cannot be required to register with a state, individual representatives are registered at the state level. The trigger is having a place of business in the state, so a representative working from an in-state office must register there. The SEC does not register individual representatives, and the de minimis client count applies to advisory firms without a place of business, not to representatives with one.
法律依据: Uniform Securities Act免费刷完整 100 道题库 — 无需注册。
同考点相关题目
- A certified public accountant prepares tax returns for a client. During the engagement she explains that municipal bond interest would reduce the client's tax bill and suggests he discuss municipal bonds with a broker. She charges only her standard tax preparation fee. Under the Uniform Securities Act, the accountant is:
- Which of the following is specifically excluded from the definition of broker-dealer under the Uniform Securities Act?
- An investment adviser with $400 million in assets under management is registered with the SEC and has offices in three states. With respect to those states, the adviser:
- A broker-dealer registered in State A opens a branch office in State B. Its only State B customers will be three large insurance companies. Regarding State B registration, the firm:
- An agent working from an office in State A mails a prospectus and a solicitation letter to a prospect who reads it at her home in State B. Under the Uniform Securities Act, the offer is considered made:
- A securities offering is advertised in a television broadcast that originates outside State C but is viewed by residents of State C. Under the Uniform Securities Act, the offer is: