Stimulated Exam 6

The federal law dealing with privacy matters for financial institutions is

Regulation SP

Regulation FD

Requires public companies to make full disclosure of material information to all investors at the same time

A basic difference between a Section 457 plan established on behalf of a governmental entity and one established by a private tax-exempt organization is that

a governmental plan must hold its assets in trust or custodial accounts for the benefit of individual participants

A unit investment trust (UIT)

a type of investment company whose units are sold in the secondary market and is generally unmanaged or passively managed. The manager initially selects the securities to be included in the portfolio and then holds those securities until they mature or it terminates.

If an IA acts as a principal _____ is required, if a broker-dealer does, ______ is required

consent of client, disclosure to client

dollar weighted return represents

how the investor fared

The Administrator can determine minimum, not maximum, _____________ (but not in excess of SEC requirements) and, for ___________________

net capital for b/d, investment advisers net worth

time weighted reutrn represents

performance of the portfolio manager

Registration by ____________ is effective when determined by the Administrator. This is the only form of registration where the timing of the effective date is determined by the Administrator.

qualification