Which of the following statements regarding the registration of broker-dealers and investment advisers is true?
A) Investment advisers are required to register with both the state and the SEC, while broker-dealers may be registered with only one or the other.
B) Investment advisers must always be registered with the SEC to conduct business; broker-dealers may be registered with either an individual state or the SEC or both.
C) Investment advisers are required either to be registered with a state or with the SEC, while broker-dealers must be registered both with the SEC and the state.
D) Both investment advisers and broker-dealers must be registered with the SEC and with the states in which they have offices.
Correct Answer:
Verified
Q56: Which of the following describes an "exempt
Q57: Which of the following persons falls under
Q58: Which of the following persons would not
Q59: Treadwater Bank and Trust is selling a
Q60: Under the Uniform Securities Act (USA), the
Q62: Under the Uniform Securities Act (USA), which
Q63: Which of the following would meet the
Q64: Which of the following describes an investment
Q65: The state official who has regulatory authority
Q66: Which of the following actions is the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents