IACCP tests compilation bundle

"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 conc erning securities - SEC vs Capital Gains Research Bureau basis of Fiduciary Rule, specifically Best...

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 fi nancial planning. B. Persons or firms whose advice and reports are related solely to U.S. government ...

Section 17(a)(2) Exchange Act Correct Answer: Prohibits any untrue statements of material fact or material omissions in the offer or sale of securities Section 17(a)(3) Exchange Act Correct Answer: Prohibits engaging in a course of business which operates as a fraud or deceit in the offer or sa...

Investment Adviser Correct Answer: Person or entity that is in the business of providing investment advice about securities Fiduciary Correct Answer: an investment adviser owes its clients undivided loyalty and may not engage in activity that conflicts with a client's interest without the clie...

money laundering definition Correct Answer: criminal activity that occurs when money from illegal activity is moved through the financial system to make to appear legit OFAC Correct Answer: OFAC oversees the enforcement of federally mandated economic sanctions against certain foreign government...

4 elements of "investment advice" Correct 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? Correct Answer:...