SEC Investment Adviser Releases Flashcards
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
2
Q
Does asset allocation advice count as “advice about securities”?
A
YES
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
4
Q
A firm that recommends an _____ may itself have to register
A
recommends an adviser
5
Q
The giving of investment advice need only be a _____ activity to count for registration
A
regular