Investment adviser - Study guides, Class notes & Summaries

What's the formula for calculating working capital? correct answers 1.) Total Debt/Total Equity 2.) Assets - Liabilities 3.) Current Assets - Current Liabilities 4.) Current Assets/Current Liabilities Explanation: A company calculates its working capital by taking Current Assets and subtracting Current Liabilities. Working capital measures liquidity, which is the short-term financial health of a company. In an effort to generate new business, an investment adviser wants to publ...

Limited registration is available to broker/dealers and agents domiciled in which of the following countries? a)Canada b)Mexico c)Canada and Mexico d)Canada, Mexico and Panama Canadian broker/dealers have limited registration requirement for the sale of Canadian qualified retirement programs. correct answers a)Canada Canadian broker/dealers have limited registration requirement for the sale of Canadian qualified retirement programs. discretionary account means that correct answer...

Investment advisor act of 1940 correct answers Is the federal legislation that defines the term investment advisor and requires persons that fall within the definition to register with the SEC or with the states in which they do business. 2 primary purposes: regulation of persons both natural and legal in the business of giving investment advice -the establishment of standars of ethical business conduct for the industry National Securities Markets Improvement Act of 1993 (NSMIA) correct ans...

IACCP Master Questions Bank | 170 Questions and 100%Correct Answers Latest Update 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 Correct Answer: B. On a pro rata basis but other allocation methods can be used without violating t...

In their advertising campaigns, state-registered investment advisers are prohibited from doing all of the following except correct answers offering free services. If an investment adviser has engaged a website designer, what may the designer include on the website? correct answers A general description of the types of investment advisory programs offered by the firm As a general matter, the regulators do not treat posts by customers or other third parties as the firm's communication with ...

Dollar cost averaging plans have which of the following features? I. They are voluntary plans. II. They entail purchasing the same number of shares each period. III. Investors are penalized for missing subsequent investment periods. IV. The investor's personal share cost will be lower than the share price over the period. correct answers I & IV On April 25, a customer buys 100 XYZ at 62.25 and, on the next day, buys one XYZ July 60 put at 1.50. At expiration, XYZ is selling at 68.38. The cus...

A primary issue is A. the first transaction between two parties in the over-the-counter market. B. a new offering of an issuer sold to investors C. a secondary market transaction in a security recently offered to the public. D. a sale between investors of securities traded on the New York Stock Exchange. correct answers A new offering of an issuer sold to investors A primary issue is a new offering of securities by an issuer sold to investors. Transactions between two investors in the o...

Although state registration is not required for federal covered advisers, most states do require them to make a notice filing with the Administrator. This consists of : -copies of the registration forms sent to the SEC, -a consent to service of process form, -and a filing fee. correct answers NOT classified as broker-dealers: 1. Agents (registered representatives) 2. Issuers 3. Banks, savings institutions, and trust companies 4. Persons who have no place of business in the state and w...

SIE exam caril: complete study guide Q-bank answered latest spring 2023. What type of risk is unique to a specific industry, business enterprise, or investment type? - Under which of the following circumstances is an investor in a position to acquire stock? - Options- a premium - Options- strike price A customer believes that ABC's price will go up but does not have the money to buy 100 shares right now. How could the customer use options to profit from an increase in the sto...

IACCP Examination Questions with Complete Solutions Rated 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 - Correct 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 definition or exe...