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11 Cards in this Set
- Front
- Back
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Fiancial planners, sports and entertainment representatives, and pension consultants may all be considered investment advisers according to this...
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SEC Release 1092
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Contains information that the adviser is required to disclose to clients and may be used to satisfy the Brochure Rule
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Form ADV Part II
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Divieded the responsibility for regulating investment advisers between the states and the federal government
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National Securities Markets Improvement Act (NSMIA)
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The federal exclusions under the Advisers act includes four groups of professionals
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* Lawyers
* Accountants * Engineers * Teachers |
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Contains information that the adviser is required to disclose to regulators
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Form ADV Part I
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A person who acts on behalf of and for the benefit of someone else. Examples include the executor of an estate, a custodian for a minor in a UTMA/UGMA account, a pension plan administrator under ERISA, and an IAR providine advisor products and services to clients.
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Fiduciary
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When a firm buys or sells a security on a client's behalf and charges a commission for the service it is acting as a
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Agent (Broker)
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A fee that a broker-dealer receives when it acts as an agent and executes a transaction on a client's behalf
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Commission
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Sets forth rules regarding registration, record keeping, contracts, advertising, and interactions with clients.
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Investmetn Advisers Act of 1940
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A firm that buys or sells the security for itself, at its own risk is acting as a
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Principal (Dealer)
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What a firm receives when it acts as a principal and buys or sells a security from its own account
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Markdown or Markup
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