Series 65, ADV's and other terms UPDATED ACTUAL Exam Questions and CORRECT Answers

Series 65, ADV's and other terms UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Investment Adviser - CORRECT ANSWER - One in the business of giving advice
regarding securities and who is compensated for giving the advice


National Securities Markets Improvement Act (NSMIA) - CORRECT ANSWER - Law
dividing responsibility for regulating Investment Advisers between state and federal
governments


Investment Advisers Act of 1940 - CORRECT ANSWER - Law regulating investment
advisers registering at the federal level with the SEC


Form ADV Part I - CORRECT ANSWER - Part of the application filed with the SEC by
the investment adviser disclosing specific information of interest to regulators


Form ADV Part II - CORRECT ANSWER - Part of the application filed with the SEC by
the investment adviser; disclosure document for clients; satisfies brochure rule


Investment Adviser Registration Depository (IARD) - CORRECT ANSWER - Where the
Investment Adviser electronically files the ADV


ADV-W - CORRECT ANSWER - Form filed when the investment adviser is no longer
eligible for SEC registration within 90 days of losing eligibility


ADV-E - CORRECT ANSWER - Form filed by an accounting firm on behalf of an
investment adviser following an annual unannounced audit required of IAs who also maintain
custody of customer cash and/or securities