Iaccp if - Study guides, Class notes & Summaries

IACCP Exam Sample Questions with Correct Answers Latest 2023- 2024 | Graded A+. Brochure updates - Answer- The Brochure must be updated annually and promptly when information (other than AUM, the fee schedule or the summary of material changes) becomes materially inaccurate. However, if an adviser is amending the Brochure and its disclosure of assets under management or its fee schedule has become materially inaccurate, then the adviser must update those items as well. In addition, the Broc...

IACCP Master Bank Questions and Answers Latest Updated 2024 The SMC Capital, Inc. No-Action Letter (September 5, 1995) states that trade allocations may occur: A. Only on a rotational basis B. On a pro rata basis but other allocation methods can be used without violating the Advisers Act C. Only on a pro rata basis D. Based on the trader's good faith discretion B. On a pro rata basis but other allocation methods can be used without violating the Advisers Act Which of the following ...

IACCP QUESTIONS AND ANSWERS GRADED A+ Section 17(a)(2) Exchange Act Prohibits any untrue statements of material fact or material omissions in the offer or sale of securities Section 17(a)(3) Exchange Act Prohibits engaging in a course of business which operates as a fraud or deceit in the offer or sale of securities Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen Section 17d Basically no affiliate o...

IACCP Exam Questions with Correct Answers Latest 2023- 2024 | 100% Verified. 4 elements of "investment advice" - Answer- 1. Advice about market trends 2. Advice in historical or data form 3. Advice about selecting an adviser 4. Advice about the pros and cons of securities vs. other investments What is the RAUM threshold for Registered Advisers? - Answer- $150 million What is the RAUM range of a "Mid Sized adviser"? - Answer- $25-100 million What two factors determine whether mid size a...

IACCP Exam Questions with 100% Verified Answers Latest 2023/2024. Define small adviser - Answer- Advisers with $25 million or less in assets under management 3 reasons for small advisers to register with SEC - Answer- 1. principal state does not require registration 2. state does not require any type of exam IARD Account - Answer- All states that require registration of IAR's (RA's on CRD) which can be done in a IARD account When is the deadline to amend form ADV? - Answer- All firms t...

IACCP Examination Questions and Answers Graded A+ "Investment Adviser" person/firm compensated for engaging in business of (directly or indirectly) advising others on securities or the advisability of investing (or) who issues analysis/reports concerning securities SEC vs Capital Gains Research Bureau basis of Fiduciary Rule, specifically Best Interest SEC Registration Required when 1) definition of "IA" is met (unless otherwise excepted from definition or exempt/prohibited from reg...

IACCP Exam Sample Questions with Verified Answers 2023-2024 Graded A+. Investment Advisers are generally required to register in the state where they have a principal place of business and any states where they maintain de minimus (5 or more clients in that state with the exception of LA, NE, NH & TX which have their own de minimus) - Answer- When is State Adviser Registration generally required? The following are deemed a SINGLE CLIENT 1) a natural person, and: (i) any minor child; (ii) a...

IACCP RULES & REGULATIONS QUESTIONS WITH VERIFIED SOLUTIONS GRADED A+ Section 17(a)(2) Exchange Act - CORRECT ANS Prohibits any untrue statements of material fact or material omissions in the offer or sale of securities Section 17(a)(3) Exchange Act - CORRECT ANS Prohibits engaging in a course of business which operates as a fraud or deceit in the offer or sale of securities Section 17d - CORRECT ANS Basically no affiliate of an affiliate of a RIC can sell any stock to the compan...

IACCP Exam Questions With Answers 2023-2024 | 100% Verified. Which THREE persons or firms may be excluded from having to register under the Investment Advisers Act of 1940? (Choose three.) A. Accountants whose advisory services pertain solely to incidental financial planning. B. Persons or firms whose advice and reports are related solely to U.S. government securities. C. Publishers of generally circulated, bona fide newspapers or financial journals. D. Domestic banks and bank holding com...

IACCP Final Exam Questions With Verified Answers Latest Updated 2024 (Graded A+) "Investment Adviser" person/firm compensated for engaging in business of (directly or indirectly) advising others on securities or the advisability of investing (or) who issues analysis/reports concerning securities - Answer- SEC vs Capital Gains Research Bureau basis of Fiduciary Rule, specifically Best Interest SEC Registration Required when 1) definition of "IA" is met (unless otherwise excepted from def...