Laws & Regulations第 20 / 100 题
Under the Investment Advisers Act, a performance-based fee that charges a share of capital gains is generally permitted only when the client is:
a.Any retail client who signs a waiver
b.A qualified client meeting minimum net worth or assets-under-management thresholds
c.A first-time investor
d.A client under the age of 21
解析
Performance-based compensation is generally prohibited unless the client is a qualified client meeting net worth or assets-under-management thresholds. This protects less sophisticated investors from fee structures that could encourage excessive risk-taking. A signed waiver alone does not qualify a retail client.
法律依据: Investment Advisers Act of 1940免费刷完整 100 道题库 — 无需注册。
同考点相关题目
- Under the Uniform Securities Act, the term 'security' would NOT typically include:
- An agent shares in the profits and losses of a customer's account. Under NASAA standards, this is permitted only if:
- A client sends an unsolicited written complaint to an agent alleging unauthorized trading. The agent should:
- The Administrator may issue a cease and desist order:
- An IAR recommends a securities transaction that will generate a large commission for the IAR's affiliated broker-dealer. To act ethically, the IAR must at minimum:
- Which of the following is generally an exempt security under the Uniform Securities Act?