Exam (elaborations)
IACCP Exam With Correct Questions And Answers 2024
- Course
- Institution
IACCP Exam With Correct Questions And Answers 2024
[Show more]
Content preview
IACCP Exam With Correct Questions AndAnswers 2024
Which uTHREE upersons uor ufirms umay ube uexcluded ufrom uhaving uto uregister uunder uthe
uInvestment uAdvisers uAct uof u1940? u(Choose uthree.)
A. uAccountants uwhose uadvisory uservices upertain usolely uto uincidental ufinancial uplanning.
B. uPersons uor ufirms uwhose uadvice uand ureports uare urelated usolely uto uU.S. ugovernment
usecurities.
C. uPublishers uof ugenerally ucirculated, ubona ufide unewspapers uor ufinancial ujournals.
D. uDomestic ubanks uand ubank uholding ucompanies. u- ucorrect uanswer.B. uPersons uor ufirms
uwhose uadvice uand ureports uare urelated usolely uto uU.S. ugovernment usecurities.
C. uPublishers uof ugenerally ucirculated, ubona ufide unewspapers uor ufinancial ujournals.
D. uDomestic ubanks uand ubank uholding ucompanies.
Which uactivity uis uNOT umandated ufor uinvestment uadvisers uthat ustore urequired urecords
uelectronically?
A. uProviding uthe uSEC uwith uprompt uaccess, uretrieval, uand ureproduction.
B. uMaintaining ucopies uof uall uelectronically ustored urecords uusing uWORM uformat.
C. uArranging uand uindexing urecords uto uprovide ueasy uaccess uand uretrieval.
D. uDeveloping uprocedures uto upreserve uand umaintain urecords. u- ucorrect uanswer.B.
uMaintaining ucopies uof uall uelectronically ustored urecords uusing uWORM uformat.
The uInvestment uAdvisers uAct uof u1940 udefines uthe uscope uof uthe uanti-fraud uprovisions uas
uextending uto:
u
A. uSEC-registered uadvisers uand uforeign uadvisers uwith ua uplace uof ubusiness uin uthe uU.S.,
uwhether uregistered uor uexempt.
B. uSEC-registered uadvisers uand uforeign uadvisers udoing ubusiness uin uthe uU.S., uwhether
uregistered uor uexempt.
C. uSEC-registered uinvestment uadvisers.
D. uAll uinvestment uadvisers, uwhether uregistered uor uexempt. u- ucorrect uanswer.D. uAll
uinvestment uadvisers, uwhether uregistered uor uexempt.
The ufiduciary uduty uimposed uon uadvisers uunder uthe uInvestment uAdvisers uAct uof u1940
ucan uBEST ube udescribed uas:
u
A. uproviding uequal udisclosure uto uall uclients.
B. uimposing uan uERISA ufiduciary ustandard.
, C. uputting uthe uclient's uinterests uahead uof uthe uadviser's.
D. uacting uin ua ucustodial ucapacity. u- ucorrect uanswer.C. uputting uthe uclient's uinterests
uahead uof uthe uadviser's.
Which uTWO uqualify uas ua u"security" uunder uthe uInvestment uAdvisers uAct uof u1940?
u(Choose utwo.)
u
A. uCommodity ufutures
B. uLimited upartnership uinterests
C. uFixed uannuities
D. uVariable uannuities u- ucorrect uanswer.B. uLimited upartnership uinterests
D. uVariable uannuities
In uperforming udue udiligence uon ua upotential usolicitor, uthe uinvestment uadviser umust
uensure uthat uthe usolicitor:
u
A. uis unot usubject uto uany ustatutory udisqualification.
B. uis unot uacting uas ua usolicitor ufor uan uunregistered uadviser.
C. uhas upassed uthe uSeries u65 uexam.
D. uis uregistered uin uappropriate ustates. u- ucorrect uanswer.A. uis unot usubject uto uany
ustatutory udisqualification.
An uSEC-registered uinvestment uadviser uis uNOT urequired uto udisclose u"material"
udisciplinary uinformation uin uits uForm uADV uPart u1 uafter:
u
A. u5 uyears
B. u10 uyears
C. u12 uyears
D. u15 uyears u- ucorrect uanswer.B. u10 uyears
Which uevent uwould ube udeemed uan uassignment uof uan uinvestment uadvisory ucontract?
u
A. uAn uadviser uhires ua unew uCEO uto ureplace uits ucurrent uretiring uCEO.
B. uAn uadviser uis upurchased uby uan uunaffiliated uadviser.
C. uAny upublic uoffering uof uan uadviser's ustock.
D. uAn uadviser uorganized uas ua ucorporation uchanges uits ustructure uto ua upartnership. u-
ucorrect uanswer.B. uAn uadviser uis upurchased uby uan uunaffiliated uadviser
The uInvestment uAdvisers uAct uof u1940 urequires uthat uwritten uinvestment uadvisory
uagreements umust uaddress:
u
A. uproxy uvoting.
B. uassignment uof uthe ucontract.
C. ubrokerage uarrangements.
D. ufees. u- ucorrect uanswer.B. uassignment uof uthe ucontract.
If uan uinvestment uadviser ubecomes uineligible ufor uSEC uregistration, uwhich udocument
umust ube ufiled uto uterminate uits uregistration?
u
A. uForm uDRP
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller RANKGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now