Iaccp if - Study guides, Class notes & Summaries

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 Examination | 100% Correct | Verified | 2024 Version "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/prohi...

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 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 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 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 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...

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 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...