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Investment Adviser Firms or Professionals
Who must register in a state as an investment advisor quizlet?Unless an exception applies, investment advisers who have less than $100 million in AUM must register on the state level. Once they reach $100 million of assets under management, they have the choice of state or SEC registration. Once $110 million is reached, the only choice is registration with the SEC.
Which of the following must be registered as an investment advisor under the Uniform Securities Act?Investment Advisor Representatives cannot ensure clients that their account will appreciate in value. Which one of the following must be registered as an investment adviser under the Uniform Securities Act? [A] Accountants who provide incidental investment advice to clients without compensation.
Which statement may be made by an agent about a new securities issue that is being registered by qualification?Which statement may be made by an agent about a new securities issue that is being registered by qualification? Making untrue or coercive statements is a violation of the Act. Stating that the security is registered with the State is true.
How does an investment advisor register with the SEC?In order to file a registered investment advisor application with the SEC or a state, one must first apply to the Financial Industry Regulatory Authority (FINRA) for an account (Entitlement) to their WebCRD/IARD on-line system (the web application for the registration of RIAs and their representatives).
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