Final 3 Flashcards
What is the window the SEC has to grant or deny a registration?
45 days
Does giving advice about real estate make you an investment advisor?
No, investment advisors only give advice about securities
Are estate planners investment advisors?
No
Are pension consultants investment advisors?
Yes
Can an investment advisor ever give or recieve a loan from a customer?
Never
Can an investment advisor every loan money to employees?
Yes
Does a customer have to sign a statement acknowledging recept of the brochure?
Yes
Can investment advisers accept gifts?
Yes
Does advising customers about selecting a b/d qualify as giving advice about investing?
no
Can offerings of pre-organization certificates involve commission?
No
Can offerings of pre-organization certificates use advertising?
Yes
What is the maximum number of investors of a pre-organization certificate?
10
What do growth investors look for?
earnings growth or growth in market price; ignore fundamental and technical factors
Can an investment advisor change the IAR of a customer account without customer permission?
Yes
When must 8K reports be filed?
4 days
What is synonymous with agent?
broker and middleman
Can an agent be registered with two broker dealers?
Not usually, unless affiliated; otherwise must be registered with both
Are mutual fund dealers broker dealers?
Yes
Can promotional materials be attached to a prospectus?
No
if a sectretary takes orders a b/d are they an agent?
Yes
If a b/d does not charge for investment advice must they register as investment advisers?
No
What is the primary risk associated with municipal bonds?
Legislative risk
How many days does a customer have to back out of a contract under NASAA rules?
5 days
Can prior recommendations be shown in advertising?
No
What risk can be diversified away?
non-systematic risk
