Unit 1 Flashcards
1
Q
New issues are regulated under _______________________
A
Securities Act of 1933
2
Q
A broker dealer acting as an Agent:
Acts as a ___________
Charges a __________
Connects the _____________
A
broker; commission; buyers and sellers
3
Q
A broker dealer acting as a Principal:
Acts as __________
Sells from __________
Charges a __________
A
dealer; inventory; mark up or mark down
4
Q
Form ADV Part 1B is only for _________________
A
state-registered advisers
