Iaccp general questions - Study guides, Class notes & Summaries

IACCP 2 General Advisors Act 2023 QUESTIONS & ANSWERS ( A+ GRADED 100% VERIFIED)

IACCP Master Question Bank (Questions With Correct Answers) 2023-2024 Graded A+. A client directs an adviser to execute securities transactions with ABC Broker. What are adviser's obligation(s) in trading for this client? A. To consider ABC Broker when conducting client's transactions B. To execute all of client's transactions with ABC Broker C. To execute some of client's transactions with ABC Broker regardless of best execution D. To execute all of client's transactions with ABC Bro...

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 Question Bank | Questions With Correct Answers 2023-2024 | 100% Verified. Which of the following should NOT be a factor when evaluating best execution? A. Price B. Transaction costs C. Availability of affiliated brokerage services D. Service and execution capability - Answer C. Availability of affiliated brokerage services Under the safe harbor provided by Section 28(e) of the Securities and Exchange Act of 1934, a "mixed use" product/service, purchased with soft dollars, most lik...

IACCP 2 (General Advisors Act) 2023 Q Questions and Answers Investment Adviser - ANSWER Person or entity that is in the business of providing investment advice about securities Fiduciary - ANSWER an investment adviser owes its clients undivided loyalty and may not engage in activity that conflicts with a client's interest without the client's consent Who is required to register with the SEC? - ANSWER 1) an investment advisor under Section 202(a)(11) of the Advisors Act 2) Not excepte...

IACCP QUESTIONS WITH CORRECT ANSWERS 2024 money laundering definition criminal activity that occurs when money from illegal activity is moved through the financial system to make to appear legit OFAC OFAC oversees the enforcement of federally mandated economic sanctions against certain foreign governments, financial institutions, and the SDN List. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:06 / 0:15 Full screen SDN Li...

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 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...