Laws & Regulations第 101 / 110 题
If an adviser delivers its brochure at the same time the advisory contract is signed rather than at least 48 hours before, the client generally must be given:
a.Nothing further; the timing is irrelevant
b.A performance-based fee discount
c.A guarantee against loss
d.A five-business-day period to rescind the contract without penalty
解析
The brochure delivery rule requires delivery at least 48 hours before entering the contract, or at the time of entering the contract if the client is given the right to rescind within five business days without penalty. This ensures the client has time to review disclosures. Advisers commonly use the five-day rescission option to meet the requirement.
法律依据: Investment Advisers Act of 1940免费刷完整 110 道题库 — 无需注册。
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