3137477
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 |
| Guarantees | Means as to the payment of all principal and all interest. |
| 1. The US Govt 2. An Insurance Company 3. A parent company | There are only 3 entities that may legitimately make guarantees. Who are they? |
| No an agent is not allowed to make these as it relates to the performance of funds or securities. Only US Govt, Insurance Company or a Parent Company. | Is an agent allowed to make guarantees? |
| Institutional Investor | organizations which pool large sums of money & invest those sums in securities, real property and other investments. |
| Institutional Investor | These are the big boys on the block who are considered to be more knowledgeable and better able to protect themselves from fraud. |
| Pension funds, mutual funds, money managers, insurance companies, investment banks, commercial trusts, endowment funds, and some hedge funds. | Name some institutional investors |
| institutions, institutional investors and banks | These are quite frequently associated with exemptions as it relates to the Series 63 exam |
| Investment Advisor Representative | investment adviser or federal covered investment adviser and who makes recommendations or otherwise gives investment advice regarding securities, manages accounts or portfolios of clients, determines which recommendation or advice regarding securities should be given, provides investment advice or holds himself out as providing investment advice, receives compensation to solicit, offer or negotiate for the sale of or for selling investment advice, or supervises employees who perform any of the foregoing. |
| 1..people who perform only clerical or ministerial acts 2.agent whose performance of investment advice is solely incidental to the individual acting as an agent and who does not receive compensation for investment advisory services (LATE) 3. people employed by or associated with a federal covered investment. | The term Investment Advisor Representative does not include what type of people? |
| If an investment adviser is registered with the SEC, the states may not require registration, licensing, or qualification of the investment adviser or its supervised persons, except that states may license, register, or otherwise qualify investment adviser representatives who have a place of business located within that state | The registration of an investment advisor is defined by the North American Securities Administrators Association (NASAA) Memorandum of Understanding (MoU) from 1997 for both a Federal Covered Investment Adviser and a Investment Adviser Representative how? |
| IAR IA | Who are always registered with the state and who may or may not be registered, depending on their status as defined by the National Securities Market Investment Act of 1996? |
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