SEC Investment Adviser Releases Flashcards

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1
Q

To be defined as an IA under IA-770, the three pronged test is:

A
  • do you give advice about securities
  • are you in the business of giving advice about securities
  • are you compensated for giving advice about securities
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2
Q

Does asset allocation advice count as “advice about securities”?

A

YES

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3
Q

IA-1092 added that giving advice to ______ or to _____ and _____ counts as giving advice about securities

A

giving advice to pension plans, or giving advice to athletes and entertainers

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4
Q

A firm that recommends an _____ may itself have to register

A

recommends an adviser

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5
Q

The giving of investment advice need only be a _____ activity to count for registration

A

regular

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