IACCP Actual Questions and Correct Answers
Q1
Assignment
Answer: Any direct or indirect transfer or hypothecation of an investment advisory
contract by the assignor
Q2
Not Investment Advisor
Answer: A Bank, Lawyer, accountant, engineer, teach whose performance of such
services is solely incidental to the practice of his profession, Broker-dealer
(commission only)published of any bona fide newspaper, magazine, business
publication, rating systems (Moodys, etc.)
Q3
Control
Answer: Power to exercise a controlling influence over the management or policies of
a compny
Q4
Investment supervisory services
Answer: Giving of continuous advice as to the investment of funds on the basis of the
individual needs of each client
Q5
National securities exchange
Answer: an exchange registered under section 6 of the Securities Exchange Act of
1934
Q6
Person
Answer: Natural person or company
Q1
Assignment
Answer: Any direct or indirect transfer or hypothecation of an investment advisory
contract by the assignor
Q2
Not Investment Advisor
Answer: A Bank, Lawyer, accountant, engineer, teach whose performance of such
services is solely incidental to the practice of his profession, Broker-dealer
(commission only)published of any bona fide newspaper, magazine, business
publication, rating systems (Moodys, etc.)
Q3
Control
Answer: Power to exercise a controlling influence over the management or policies of
a compny
Q4
Investment supervisory services
Answer: Giving of continuous advice as to the investment of funds on the basis of the
individual needs of each client
Q5
National securities exchange
Answer: an exchange registered under section 6 of the Securities Exchange Act of
1934
Q6
Person
Answer: Natural person or company
