3137150
Description
Flashcards by Tammara0214, updated more than 1 year ago
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Created by Tammara0214
over 9 years ago
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| Question | Answer |
| * Federally Covered Investment Advisor * | What is the name of the person registered under the Investment Advisor Act of 1940, created by the NSMIA and must be licensed with the federal securities regulator? |
| To separate the SEC registered IA's from the State registered IAs based on the amount of assets under management. | Why was the Federally Covered Investment Advisor Created by the NSMIA of 1996? |
| * Federally Covered Security * | What is the name of security registered under the Investment Advisor Act of 1933, created by the NSMIA and enjoys a federally imposed exemption from state securities regulations? |
| Broker Dealers are required to register with both the SEC & State. Investment Advisors are only required to register with the SEC. | In general Investment Advisors and Broker Dealers differ as it relates to their registrations how? |
| 1. Securities listed or authorized to be listed on the exchanges or Tier 1 Exchanges (NYSE, AMEX, Nasdaq, Chicago Board). 2. Securities issued by a SEC registered investment company 3. Sales to qualified purchasers. 4. Securities transaction that is exempt from state registration but not prohibit a state from imposing notice filing rqmts. | What are the 4 types of covered securities under the Securities Act of 1933? |
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