Laws & Regulations第 7 / 100 题
A federal covered investment adviser with clients in five states is generally subject to registration and oversight primarily by:
a.The SEC, though states retain antifraud authority
b.Each state in which it has a single client
c.Only the state of its principal office
d.No regulator, because it is federal covered
解析
A federal covered adviser registers with the SEC rather than with individual states. However, states retain antifraud jurisdiction and can require notice filings and fees. This preserves state enforcement power while avoiding duplicative registration.
法律依据: Investment Advisers Act of 1940免费刷完整 100 道题库 — 无需注册。
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