Final 2 Flashcards
If regisration is incomplete, is an amendment filed or a new registration?
Amendment
Can a real estate partnership generate capital gains?
yes, when property is sold
What is the stature of limitations for civil cases?
3 years
What is the statute of limitations for criminal cases?
5 years
Does the investmetn advisory contract include information if ithe contract grants discretionary authority?
Yes
How long do email have to be kept under investment advisors act?
5 years
What should two high earning spouses choose for filing status?
married filing seperately
What should a family with one high earner choose for filing status?
Married filing jointly
Who may register securities?
b/d & issuers
if an intern takes orders, must they be registered?
yes
Can an advisor have custody of customer funds?
yes, if audited 1/year
What is rate of return?
Annual income/purchase price
When must an SAR report be filed?
within 30 days of activity
Where can customer mail be sent?
Customer home or po box
Do investment advisors need a surety bond?
no
