Flashcards
Series 63 - USA - The Foundation - Definitions Part 3
Cards in this deck (5)
- 1* Federally Covered Investment Advisor *What is the name of the person registered under the Investment Advisor Act of 1940, created by the NSMIA and must be licensed with the federal securities regulator?
- 2To separate the SEC registered IA's from the State registered IAs based on the amount of assets under management.Why was the Federally Covered Investment Advisor Created by the NSMIA of 1996?
- 3* Federally Covered Security *What is the name of security registered under the Investment Advisor Act of 1933, created by the NSMIA and enjoys a federally imposed exemption from state securities regulations?
- 4Broker Dealers are required to register with both the SEC & State. Investment Advisors are only required to register with the SEC.In general Investment Advisors and Broker Dealers differ as it relates to their registrations how?
- 51. Securities listed or authorized to be listed on the exchanges or Tier 1 Exchanges (NYSE, AMEX, Nasdaq, Chicago Board). 2. Securities issued by a SEC registered investment company 3. Sales to qualified purchasers. 4. Securities transaction that is exempt from state registration but not prohibit a state from imposing notice filing rqmts.What are the 4 types of covered securities under the Securities Act of 1933?
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- Part 3 of the Series 63 Definitions
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- Tammara0214
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