According to the Investment Advisers Act of 1940, which of the following statements is true regarding the information that an SEC-registered adviser is required to deliver or offer to deliver to their advisory clients? a. Written disclosure documents must be delivered or offered to clients annually. b. The adviser must send a copy of all records of account activity over the course of the previous year to each client.

Question

Business

Devin

8 May, 19:27

According to the Investment Advisers Act of 1940, which of the following statements is true regarding the information that an SEC-registered adviser is required to deliver or offer to deliver to their advisory clients? a. Written disclosure documents must be delivered or offered to clients annually. b. The adviser must send a copy of all records of account activity over the course of the previous year to each client.

+3

Answers (1)

Know the Answer?

Amiya Spencer · Answer 1

Option A, Written disclosure documents must be delivered or offered to clients annually.

Explanation:

Investment advisers must submit, or offer to submit, at least annually the written communication document (Brochure) under the Brochure Rule of the Investment Advisers Act of 1940.

For all federally licensed investment advisers the guidelines, known formally as law 204-3, refer and set out the dates during the advising period during which they must supply content.

Choosing the Perfect financial advisory that suits their needs has wouldn't have to be difficult. The free device of Smart Asset matches in five minutes with financial trustees in their area. Every contractor has been named to act in the interests of Smart Asset and is legal.