Laws, Regulations, And Guidelines Overview

Question 1

According to NASAA’s model rule, publicly distributed written materials are defined as any written materials distributed to?

Answer 1

35 or more person to pay for the materials.

Question 2

True or false: Under the Investment Advisors Act investment advisor solicitors must be registered:

Answer 2

False

Question 3

Can a broker-dealer be a financial planner without registering as an IA?

Answer 3

Yes

Question 4

True or false: An investment advisor for registered investment companies is automatically a federal covered advisor and must register with the SEC.

Answer 4

True

Question 5

T or F: If a firm renders investment advice solely on US government securities the firm does not fall within the definition of an investment advisor

Answer 5

True

Question 6

Advisors suspicious about a customer opening account, then a __________ must be filed with FinCEN (Financial crimes enforcement network) within ____ days.

Answer 6

SAR Suspicious Activities Report

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