Suzy Rhoades Questions Flashcards
Who contacts Administrator, or SEC when leaving
When an investment adviser representative is employed by a state registered investment adviser it is the firm’s responsibility to notify the state securities Administrator whenever an investment adviser representative leaves the firm.
Broker-dealers are responsible for the supervision of:
Their Agents
Under the USA, which is false regarding an agent’s registration?
When an agent begins or terminates a connection with a broker-dealer or issuer, or begins or terminates those activities which make him an agent, the agent and the broker-dealer or issuer shall promptly notify the Administrator.
Variable Annuity vs. Fixed
Variable is a security
The Administrator shall keep a register of which of the following?
I. All applications for registration of securities and registration statements
II. All applications for broker-dealers, agents, investment advisers and investment adviser representatives which are or have ever been effective
III. All written notices of claim of exemptions from registration requirements
IV. All orders, all interpretive opinions or no-action determinations
Procedures to ensure the continuity of service in the event of the death or unavailability of an investment adviser’s key person is called a(n):
Succession Plan
An investment adviser’s business continuity plan is designed to protect the firm’s clients in the event of which of the following?
I. Global pandemic
II. Earthquake
III. Death of a key person
Selling Away
Prohibited, but not market manipulation
Matched Orders
Market Manipulation
Washed Sales
Market Manipulation
Churning
Prohibited, but not market manipulation
Financial Planners
Treated same as Investment Advisers
FINRA
Regulates Broker-Dealers
Record Keeping Rules
Set by SEC
