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Flashcards in SEC Investment Adviser Releases Deck (5)
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1

To be defined as an IA under IA-770, the three pronged test is:

- do you give advice about securities
- are you in the business of giving advice about securities
- are you compensated for giving advice about securities

2

Does asset allocation advice count as "advice about securities"?

YES

3

IA-1092 added that giving advice to ______ or to _____ and _____ counts as giving advice about securities

giving advice to pension plans, or giving advice to athletes and entertainers

4

A firm that recommends an _____ may itself have to register

recommends an adviser

5

The giving of investment advice need only be a _____ activity to count for registration

regular