1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ki77a [65]
3 years ago
11

Under NASAA Statements of Policy on Dishonest and Unethical Business Practices by Broker-Dealers and Agents, which of the follow

ing statements would be true when an Agent of a Broker-Dealer creates a summary sheet or sales piece which will accompany the prospectus on the sale of a new issue of common stock?
I. The Agent of the Broker-Dealer is not allowed to create summary sheets or a sales piece.
II. The Agent of the Broker-Dealer would be allowed to provide a potential customer with such a sales piece or summary if it does not omit any relevant information that the client would need to determine if they would like to buy the security.
III. The Agent of the Broker-Dealer would not be allowed to provide clients with summary sheets or a sales piece until the client has received and had an opportunity to read the prospectus.
IV. The Agent of the Broker-Dealer, when creating a summary or sales piece, is required to present a fair and balanced presentation of all material information from the prospectus.

A) I & III
B) II & IV
C) I & IV
D) II & III
Business
1 answer:
kap26 [50]3 years ago
5 0

Answer:

B) II & IV

II. The Agent of the Broker-Dealer would be allowed to provide a potential customer with such a sales piece or summary if it does not omit any relevant information that the client would need to determine if they would like to buy the security.

IV. The Agent of the Broker-Dealer, when creating a summary or sales piece, is required to present a fair and balanced presentation of all material information from the prospectus.

Explanation:

Under North American Securities Administrators Association (NASAA) rules, when an agent or a broker-dealer creates a summary sheet or sales piece, it must include a fair and balanced presentation of all the important and relevant information that their client may need to be able to make a decision as to whether or not they want to purchase the security. Obviously the client trusts his/her agent, but the client must be given all the information necessary for him/her to decide whether the agent's advice should be followed or not.

You might be interested in
A technology company is growing rapidly and needs to hire experienced developers and marketing professionals. The best people in
Karolina [17]

Answer:

B

Explanation:

Use social media platforms like LinkedIn to screen for people with the relevant experience at high-performing companies

Using social media platform like Linkedin you would normally find the best and high- perfoming individuals, whomare definetly and most likely to meet the criteria for the job and even be beyond expectations. This has become a lot easier to use in this dispensation.

5 0
3 years ago
Read 2 more answers
The power to grant or withhold budget requests of agencies may be one of ________ most potent weapon in controlling the bureaucr
skad [1K]

Answer:

_Congress's_

Explanation:

The power to grant or withhold budget requests of agencies may be one of __Congress's______ most potent weapon in controlling the bureaucracy.

It the Congress who is responsible for the the budget allocation and distribution for the agencies according to The american constitution. This how they control the bureaucracy.  

6 0
3 years ago
The time value of money theory consists in four beliefs: (1) Investment risk is important; (2) money today is worth more than mo
Schach [20]

Answer:

The four beliefs are true. But accuracy is demanded

Explanation:

1 Investment risk is important ir order to estimate the likelihood of occurrance of  losses in the future.

2. money today is worth more than <em>the same amount </em>of money tomorrow.

3. inflation must be considered when making investment decisions, because  makes money lose their value in the future.

4. investment opportunity costs must be considered. Is necessary to compare investments with financial products or other commercial activities.

4 0
3 years ago
What is meant by market in the lower-of-cost-or-market rule?
Pavel [41]

Answer:

Stock is valued at lower of : cost or market price [prudence principle]

Explanation :

Prudence or Conservatism is an accounting principle : anticipating for all possible losses & expenditures, not anticipating for possible profits & gains. This makes business better prepared to face all contingent expenditures/ losses.

This concept's implication is that : Stock or Inventory is valued at the value whichever is lesser between 'cost of inventory' & sale price. This makes inventory valuation as per the above explained Prudence/ Conservatism principle.

7 0
3 years ago
Company had 200 units of inventory on hand at the end of the year. These were recorded at a cost of $12 each using the last-in,
Georgia [21]

Answer:

Debited by $400

Explanation:

Calculation for the Cost of Goods Sold

Using this formula

Cost of Goods Sold= Inventory on hand*(Cost-Current replacement cost)

Let plug in the formula

Cost of Goods Sold=200 units * ($12 - $10)

Cost of Goods Sold= 200 units*2

Cost of Goods Sold = $400 Debited

Therefore the Cost of Goods Sold will be:$400 Debited

8 0
3 years ago
Other questions:
  • Julio used when he set goals, developed action plans, reviewed progress and took corrective action as needed, and appraised perf
    13·1 answer
  • The City of Fairfield issued $100 million of 20-year, 6 percent coupon bonds (3 percent per semiannual period) for $89.32 millio
    9·1 answer
  • Sony, a firm once synonymous with portable music, has ceded its market dominance to Apple because:
    10·1 answer
  • During its first month of business, Kochanski Company reported net cash flows from operating activities of $5,000, net cash flow
    5·1 answer
  • _____ involves developing separate marketing strategies for a number of segments.
    13·1 answer
  • the pure expectations theory holds, which of the following statements is CORRECT? a. The maturity risk premium would be zero. b.
    8·1 answer
  • The information below pertains to Barkley Company for 2015.
    15·1 answer
  • You are taking a $5000 loan. You will pay it back in four equal amounts, paid every 6 months starting 5 years from now. The inte
    8·1 answer
  • When the year-to-year changes in comparative balance sheet accounts do not coincide with the changes implied from amounts report
    5·1 answer
  • the manufacturing overhead account shows debits of $240,000, $192,000, and $224,000 and one credit for $688,000. based on this i
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!