IACCP EXAMS QUESTIONS WITH COMPLETE SOLUTIONS

IACCP EXAMS QUESTIONS WITH COMPLETE SOLUTIONS SEC vs Capital Gains Research Bureau basis of Fiduciary Rule, specifically Best Interest - "Investment Adviser" person/firm compensated for engaging in business of (directly or indirectly) advising others on securities or the advisability of investing (or) who issues analysis/reports concerning securities. SEC Registration Optional when 1) AUM $25-100M (except NY req. at $25M) - OR - 2) Advisers Registered in 15 or more States (AUM $25M or less PROHIBITED from registering w/ SEC but held to various state requirements) - SEC Registration Required when 1) definition of "IA" is met (unless otherwise excepted from definition or exempt/prohibited from registration); AND $100M in AUM (optional for Mid-Sized Advisers AUM $100-115M Buffer Zone) - OR - 2) when ADVISING a Registered Investment Company - OR - 3) AUM $25-100M AND NOT registered/required to register with State OR NOT Subject to EXAMS by State Registration withdraw required for AUM under $90M EXEMPTIONS from SEC Registration: 1) Intrastate Advisers: NOT advising, analysing or reporting on NSE Listed Securities* and ALL Clients reside in same state as principal office (*includes securities w/ unlisted trading privileges); 2) Advisers to ONLY Insurance Companies; 3) Private Fund Advisers w/ AUM less than $150M, and Advisers to Foreign Private and Venture Capital Funds; 4) Church Plans, and certain 5) Charitable organizations 6) Registered Commodity Trading 7) Small Business Investment Companies - EXCLUDED from Definition of "IA" are: