Business Practices第 79 / 100 题
A state-registered investment adviser takes custody of client securities. Under the NASAA custody rule, the adviser generally must:
a.Notify the Administrator that it has custody, segregate client assets with a qualified custodian, send account statements to clients, and arrange for an independent verification of the assets
b.Hold the securities in the firm's own name to simplify administration
c.Send statements only upon client request
d.Avoid any recordkeeping beyond a summary ledger
解析
The custody rule requires notice to the Administrator, use of a qualified custodian, segregation of client assets from firm assets, periodic account statements sent directly to clients, and an independent surprise verification of the funds and securities. Registering client assets in the firm's name defeats the segregation requirement. Custody also raises the adviser's recordkeeping and financial requirements rather than lowering them.
法律依据: NASAA Model Rule免费刷完整 100 道题库 — 无需注册。
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