Answer: C. has taken custody of customer funds and must comply with the additional requirements of the custody rule
Explanation:
The options for the question are:
A. can follow the customer's instructions without additional action taken, since this is a service to the customer
B. has not taken custody of client funds, unless the custodian bank and the investment adviser are under common ownership
C. has taken custody of customer funds and must comply with the additional requirements of the custody rule
D. has a conflict of interest that must be disclosed in writing to the customer
The Investment Advisers Act is a law which was enacted in order to regulate the investment advisers. It requires that firms that receive compensation when they advise others about their securities investments will have to register with Securities Exchange Commission and also abide with the regulations which are in place to protect the investors.
In the Act, it was said that an investment adviser has had a custody of the client assets, and should therefore comply and abide with the rule since the adviser is in possession of the client funds. Therefore, option C is the correct answer.
Answer:
A. Relational partnership
Explanation:
Relational partnership - This type of partnership is based on trust and close relationships. In this type of relationship, both parties are open on discussion and always ready to tackle the objection or obstacle by working together.
In every partnership, both parties are trying to get more money but the main focus on this partnership is to get that money for a longer period of time.
Mostly relationship partnership built because of prior relationship but mostly it is happened due to financial necessity.
Supply and Demand is the amount of good or services that buyers are willing and able to take they work together
Scarcity is the lack of sufficient resources
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