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iris [78.8K]
3 years ago
11

You are employed by a bank with the title financial adviser. In your capacity at the bank, you are required to hold a general se

curities registration in order to provide information on securities and to process orders. Your sponsoring broker-dealer is an affiliated firm owned by the bank holding company that also owns the bank you work for. A client comes to the bank seeking advice on certificates of deposit offered by the bank as well as mutual fund investments. Under the Uniform Securities Act, which of the following choices BEST describes what you are allowed to do when giving advice to the client?
- You are not allowed to advise the client since the bank is not an investment adviser
- You may give the client advice since the broker-dealer and the bank are excluded from the definition of an investment adviser
- You may give the client advice only on the mutual funds since certificates of deposit are governed by banking rules and you are registered with a broker-dealer
- You may not give advice on the certificates of deposit since the bank is not a registered investment adviser
Business
1 answer:
Mrrafil [7]3 years ago
7 0

Answer:

- You may give the client advice since the broker-dealer and the bank are excluded from the definition of an investment adviser

Explanation:

According to the uniform securities act, the following describes that you are permitted to do at the time when you are giving suggestions to the client

As we know that the broker or dealer as the case may be & the bank would not be included in the investment advisor definition

iSo the same would be considered for the given situation

Hence, the second option is correct

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Answer:

$36.79

Explanation:

Calculation to determine What will be the IPO price per share

First step is to calculate the Cumulative shares

Cumulative shares = 375,000 + 400,000 + 250,000 + 400,000 + 2 million

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4 0
3 years ago
Arron, the CEO of a multinational corporation, believes that effective control in an organization comes from each employee's int
Nataly [62]

Answer:

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The organisations which overlook personal interest of employees cannot become successful. Hawthorne says that we can motivate the employees more by placing them in a team.

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3 0
3 years ago
Grandfather clocks have a particular market in auctions. One theory about the price at an auction is that it is higher when ther
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t value is 1.495

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The null and alternative hypothesis are :

H0 : mu = 1327

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This is a one tailed test

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= 1.495

Decision:

Reject H0 if tstat > 1.771

Fail to reject H0

5 0
3 years ago
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