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NEW QUESTION: 1
In which of the following scenarios is an investment adviser representative required to disclose the fact
that someone other than the representative performed the research on which his advice to the client is
based?
I. The investment adviser representative recommends the same asset allocation for his client that a buddy
of his did after his buddy had done some research for a client with similar characteristics.
II. The investment adviser representative provides a recommendation for his client based on research
provided by a broker-dealer that provides the investment adviser with its analysts' recommendations in
return for trades that the investment adviser executes using the services of the broker-dealer, as well as a
couple of other research sources he finds on the internet.
III. The investment adviser representative submitted his client's information to a data base that provided a
recommendation for the asset allocation of the client's investment monies that the adviser deemed was
sound and, therefore, recommended it to his client.
A. III only
B. II only
C. I only
D. I and III only
Answer: D
Explanation:
An investment adviser representative is required to disclose the fact that someone else
performed the research on which advice to the client is based in scenarios described in I and III only. If the
representative provides a recommendation to the client based solely on the recommendations provided
by others to whom he provided the data, he must disclose this. However, if the adviser representative has
based his recommendations on his own assessment of analysts' reports and recommendations, as is
suggested in Selection II, then there is no disclosure requirement.

NEW QUESTION: 2
Why would a fitness instructor have an interest in tort laws?
A. Tort laws are related to worker's compensation regulations.
B. They relate to the Americans with Disabilities Act (ADA)
C. Negligence is breaking a tort law and can ruin an instructor's career.
D. State taxes often are related to profit, which is governed by tort laws.
Answer: C

NEW QUESTION: 3

A. ip arp inspection vlan
B. ip arp inspection trust
C. ip arp inspection validate ip
D. ip Verify source
Answer: C