Question 1

An investment adviser has a duty to make _____ based on a _____ inquiry into a client's investment objectives,financial situation and other factors.

Accepted Answer

A) Manage assets / reasonable. 
B) Manage assets / suitable. 
C) Recommendations / reasonable. 
D) Recommendations / suitable. 
A) Manage assets / reasonable. 
B) Manage assets / suitable. 
C) Recommendations / reasonable. 
D) Recommendations / suitable. C

Question 2

Which of the following is not a state goal in regulating insurance?

Accepted Answer

A) To assure the availability of coverage for citizens of the state. 
B) To maintain and promote competition. 
C) To monitor the solvency of insurers. 
D) To protect the insurer. 
A) To assure the availability of coverage for citizens of the state. 
B) To maintain and promote competition. 
C) To monitor the solvency of insurers. 
D) To protect the insurer. D

Question 3

The Gramm-Leach-Bliley Financial Services Reform Act is also known as:

Accepted Answer

A) Consolidated Omnibus Securities Act of 2001. 
B) Financial Services Modernization Act of 1999. 
C) Regulatory Investment Reporting Act of 1927. 
D) Securities Act of 1933. 
A) Consolidated Omnibus Securities Act of 2001. 
B) Financial Services Modernization Act of 1999. 
C) Regulatory Investment Reporting Act of 1927. 
D) Securities Act of 1933. B

Question 4

Which of the following licenses permits holders to sell virtually any type of individual security?

Accepted Answer

A) Series 6. 
B) Series 7. 
C) Series 63. 
D) Series 65. 
A) Series 6. 
B) Series 7. 
C) Series 63. 
D) Series 65.

Question 5

An RIA's client records must be maintained for a period of not less than _____ years from the end of the fiscal year of the last recorded entry.

Accepted Answer

A) Two. 
B) Five. 
C) Seven. 
D) Ten. 
A) Two. 
B) Five. 
C) Seven. 
D) Ten.

Question 6

Which of the following does not constitute advice about securities:

Accepted Answer

A) Advice about the advantage of investing in coins. 
B) Advice about mortgage options. 
C) Advice about securities market trends. 
D) Providing a list of specific securities. 
A) Advice about the advantage of investing in coins. 
B) Advice about mortgage options. 
C) Advice about securities market trends. 
D) Providing a list of specific securities.

Question 7

An individual who works for broker-dealer is referred to as a _____ and is compensated with _____.

Accepted Answer

A) Investment adviser representative / commissions. 
B) Investment adviser representative / fees. 
C) Registered representative / commissions. 
D) Registered representative / fees. 
A) Investment adviser representative / commissions. 
B) Investment adviser representative / fees. 
C) Registered representative / commissions. 
D) Registered representative / fees.

Question 8

Which of the following Acts created the U.S.Security and Exchange Commission?

Accepted Answer

A) Financial Services Modernization Act of 1999. 
B) Investment Advisers Act of 1940. 
C) Investment Company Act of 1940. 
D) Securities Exchange Act of 1934. 
A) Financial Services Modernization Act of 1999. 
B) Investment Advisers Act of 1940. 
C) Investment Company Act of 1940. 
D) Securities Exchange Act of 1934.

An investment adviser has a duty to make _ based on a _ inquiry into a client's investment objectives,financial situation and other factors.

Which of the following is not a state goal in regulating insurance?

The Gramm-Leach-Bliley Financial Services Reform Act is also known as:

Which of the following licenses permits holders to sell virtually any type of individual security?

An RIA's client records must be maintained for a period of not less than _____ years from the end of the fiscal year of the last recorded entry.

Which of the following does not constitute advice about securities:

An individual who works for broker-dealer is referred to as a _ and is compensated with _.

Which of the following Acts created the U.S.Security and Exchange Commission?

Personal Financial Planning

The Statement on Standards in Personal Financial Planning Services No

Time Value of Money Concepts

Fundamentals of Personal Financial Planning

Estate Planning Basics

Charitable Gift Planning Basics

Principles of Risk and Insurance

Insurance Planning Basics

Insurance Planning Basics

Investment Basics

Investment Planning

Planning for Retirement and Financial Independence

Planning Vehicles for Retirement

Elder Planning Basics

Education Planning Basics

Applications in Estate Planning

Applications in Risk Management

Applications in Investment Planning

Applications in Planning for Retirement

Applications in Employee Benefits Planning

Applications in Executive Compensation Planning

Applications in Personal Financial Planning in Special Circumstances

Filters

Exam 23: Delivery Models and Regulatory Issues

An investment adviser has a duty to make _____ based on a _____ inquiry into a client's investment objectives,financial situation and other factors.

Which of the following is not a state goal in regulating insurance?

The Gramm-Leach-Bliley Financial Services Reform Act is also known as:

Which of the following licenses permits holders to sell virtually any type of individual security?

An RIA's client records must be maintained for a period of not less than _____ years from the end of the fiscal year of the last recorded entry.

Which of the following does not constitute advice about securities:

An individual who works for broker-dealer is referred to as a _____ and is compensated with _____.

Which of the following Acts created the U.S.Security and Exchange Commission?

Personal Financial Planning

The Statement on Standards in Personal Financial Planning Services No

Time Value of Money Concepts

Fundamentals of Personal Financial Planning

Estate Planning Basics

Charitable Gift Planning Basics

Principles of Risk and Insurance

Insurance Planning Basics

Insurance Planning Basics

Investment Basics

Investment Planning

Planning for Retirement and Financial Independence

Planning Vehicles for Retirement

Elder Planning Basics

Education Planning Basics

Applications in Estate Planning

Applications in Risk Management

Applications in Investment Planning

Applications in Planning for Retirement

Applications in Employee Benefits Planning

Applications in Executive Compensation Planning

Applications in Personal Financial Planning in Special Circumstances

Filters

An investment adviser has a duty to make _ based on a _ inquiry into a client's investment objectives,financial situation and other factors.

An individual who works for broker-dealer is referred to as a _ and is compensated with _.