Laws & Regulations第 84 / 110 题
Under the Uniform Securities Act, which of the following is generally considered a prohibited practice for an investment adviser?
a.Disclosing all material conflicts of interest to clients
b.Maintaining accurate books and records
c.Delivering the brochure to clients before or at the time of entering an advisory contract
d.Borrowing money from a client who is not a lending institution
解析
Borrowing money or securities from a client who is not a bank, broker-dealer, or other financial institution in the business of lending is a prohibited practice because it creates a serious conflict of interest. Disclosing conflicts, keeping accurate records, and delivering the brochure are all required, proper conduct. Prohibited practices are heavily tested on the exam.
法律依据: Uniform Securities Act免费刷完整 110 道题库 — 无需注册。
同考点相关题目
- Under the Uniform Securities Act, the state official who administers securities law is known as the:
- Under the Uniform Securities Act, an 'investment adviser representative' (IAR) is best described as:
- An investment adviser that has custody of client funds or securities is generally required to do which of the following?
- An investment adviser's Form ADV Part 2 (the 'brochure') primarily serves which purpose?
- Regarding advisory fees, which arrangement is generally prohibited for most retail advisory clients?
- Under the Uniform Securities Act, which of the following is excluded from the definition of a 'security'?