One of the purposes of filing the annual updating amendment to the Form ADV Part 1A is to A) provide updated information on thos

Question

3 years ago

7

One of the purposes of filing the annual updating amendment to the Form ADV Part 1A is to A) provide updated information on thos

e associated persons who are in charge of giving investment advice B) ensure that full disclosure has been made in the adviser's brochure C) verify that the investment adviser still qualifies for SEC registration D) disclose the amount and location of securities or funds of clients that are being held by the adviser or a qualified custodian

Business

1 answer:

valkas [14] · Answer 1 · 2022-06-24T13:22:07+03:00

Answer:

One of the purposes of filing the annual updating amendment to the Form ADV Part 1A is to

C) verify that the investment adviser still qualifies for SEC registration

Explanation:

Filing the annual Form ADV Part 1A gives the SEC and the state securities authorities information about the investment adviser's business, ownership, clients, employees, business practices, affiliations, and any disciplinary events of the adviser or its employees. The form enables the SEC to register investment advisers and to obtain information from and about exempt reporting advisers.