Chapter 1 - Registration and Licensing Requirements

Question 1

Define the following terms:

• person
• issuer
• non-issuer
• broker-dealer
• agent
• investment adviser
• investment adviser representative

Answer 1

• person:
• issuer:
• non-issuer:
• broker-dealer:
• agent:
• investment adviser:
• investment adviser representative:

Question 2

Explain the difference between exclusion and exemptions

Answer 2

The difference

Question 3

What are the exclusions and exemptions for broker-dealers and agents?

Answer 3

The

Question 4

What are the exemptions and exclusions for Investment Advisers and Investment advisers representatives?

Answer 4

The

Question 5

List the registration and post registration requirements.

Answer 5

H

Question 6

Recall broker-dealers and investment adviser record keeping requirements

Answer 6

C

Question 7

Distinguish between state and federal regulation of investment advisers

Answer 7

Sta

Question 8

Discuss why the administrator may deny, suspend, or revoke a person’s registration.

Answer 8

There must be at least two reason one being it is “in the best interest of the public”