The Investment Advisors Act of 1940

question 30

Multiple Choice

The Investment Advisors Act of 1940

• A) contains various anti-fraud provisions and record keeping and reporting requirements for fund advisors.
• B) regulates broker-dealers.
• C) requires federal registration of all public offerings of securities.
• D) regulates the structure and operations of mutual funds.
• E) contains a code of ethics and standards of professional conduct.

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Definitions:

Partial Payment

Partial payment is a payment that is made towards a debt or invoice that is less than the full amount due at the time of payment.

On Credit

Purchasing goods or services with the agreement to pay for them at a later date.

Assets

Resources owned by a business or individual that have economic value and can be converted into cash.