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NEW QUESTION: 1

A. Option A
B. Option C
C. Option B
D. Option D
Answer: D
Explanation:
Explanation
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NEW QUESTION: 2
Which of the following statements is false?
A. None of the above statements is false; all are true statements.
B. A state cannot require a higher minimum net capital for broker-dealers than the amount specified by
the Securities Exchange Act of 1934.
C. A state cannot require a higher minimum net capital for investment advisers than the amount specified
by the Investment Advisers Act of 1940.
D. The minimum net capital requirement for investment advisers that take custody of their clients' assets
is higher than the net capital requirement for advisers who do not take custody of the assets.
Answer: C
Explanation:
"A state cannot require a higher minimum net capital for investment advisers than the
amount specified by the Investment Advisers Act of 1940" is a false statement. The Investment Advisers
Act of 1940 does not specify a minimum net capital requirement. The Act simply indicates that if an
investment adviser is already registered in one state and meeting that state's minimum net capital
requirement, a second state can't impose a higher net capital requirement on it.

NEW QUESTION: 3
HOTSPOT


Answer:
Explanation: