Bundled Package IACCP Examination Questions with 100% Correct Answers

Section 201 Correct Answer Findings Section 202 Correct Answer Definitions Section 203 Correct Answer Registration of Investment Adviser Section 203A Correct Answer State & Federal Responsibilities Section 204 Correct Answer Annual & Other Reports Section 204A Correct Answer Preventio...

4 elements of "investment advice" Correct Answer 1. Advice about market trends 2. Advice in historical or data form 3. Advice about selecting an adviser 4. Advice about the pros and cons of securities vs. other investments What is the RAUM threshold for Registered Advisers? Correct Answer $1...

Which THREE persons or firms may be excluded from having to register under the Investment Advisers Act of 1940? (Choose three.) A. Accountants whose advisory services pertain solely to incidental financial planning. B. Persons or firms whose advice and reports are related solely to U.S. governme...

Money laundering definition Correct Answer criminal activity that occurs when money from illegal activity is moved through the financial system to make to appear legit OFAC Correct Answer OFAC oversees the enforcement of federally mandated economic sanctions against certain foreign governments, f...

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 fait...

Assignment Correct Answer Any direct or indirect transfer or hypothecation of an investment advisory contract by the assignor Who is not an Investment Advisor? Correct Answer A Bank, Lawyer, accountant, engineer, teach whose performance of such services is solely incidental to the practice of his...

Non-securities advice includes advice on topics that include ___ and budgetary planning, ____ ____and business planning. Correct answer tax, estate planning Dodd-frank change in aum threshold says that ___ million is needed in order to register with the sec correct answer 100 Full payment for ...