Show 81-14-5. Dishonest and unethical practices of investment advisers, investment adviser representatives, and federal covered investment advisers. (a) Unethical conduct. "Dishonest or unethical practices," as used in K.S.A. 17-12a412(d)(13) and amendments thereto, shall include the conduct prohibited in this regulation. Which of the following are prohibited under the Uniform Securities Act quizlet?Under the Uniform Securities Act, which of the following are prohibited actions of an investment adviser? The USA prohibits an investment adviser from acting as principal or agent in a transaction with an advisory client without approval prior to completion (settlement) of the trade.
What is NASAA model rule?In 2021, Maryland, Mississippi and Vermont were the first states to adopt the NASAA model rule, requiring state-registered and federal covered investment adviser representatives to complete annual continuing education requirements for calendar year 2022.
Which of the following is prohibited in a margin account quizlet?Which of the following is (are) prohibited in a margin account? In any account, whether it be a cash or margin account, a customer cannot buy a security without intending to pay on settlement, and cannot sell a security without intending to deliver on settlement. Short sales can only be effected in a margin account.
What constitutes taking custody under the NASAA rule for investment advisors?What constitutes "taking custody" under the NASAA rule for investment advisers? Generally, acting as a trustee means that the trustee is managing assets for a beneficiary, and in doing so, has taken "custody." Note that broker-dealers are not subject to this rule - it is only for investment advisers.
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