Bob Smith wants to become an Investment Advisor and set up and Advisory Firm. According to the Investment Advisors Act of 1940, Bob would have to file his application for registration with

[A] The North American Securities Administrators Association (NASAA)

[B] The U. S. Securities and Exchange Commission (SEC)

[C] The National Association of Securities Dealers (NASD)

[D] The National Futures Association (NFA)

Question

Business

Alena

15 September, 23:43

Bob Smith wants to become an Investment Advisor and set up and Advisory Firm. According to the Investment Advisors Act of 1940, Bob would have to file his application for registration with

[A] The North American Securities Administrators Association (NASAA)

[B] The U. S. Securities and Exchange Commission (SEC)

[C] The National Association of Securities Dealers (NASD)

[D] The National Futures Association (NFA)

+5

Answers (1)

Know the Answer?

Amanda Nixon · Answer 1

The Correct option is B (The U. S. Securities and Exchange Commission (SEC))

Explanation:

Since this question refers to the 1940 Act, any person who wishes to become an Investment Advisor must be registered and thus would have to file his application with the United States Securities and Exchange Commission (SEC).