Apply Client Disclosure Standards · Series 65 · Flashcards

QUESTION

Identify the violation: "Guaranteed

10\%

annual return with no risk." What standard is breached?

QUESTION

Identify the prohibited statement: "We are SEC approved to manage your money." What is the issue?

QUESTION

Identify the issue: An adviser calls itself "fee-only" but receives $12b$-

1

fees. What is required?

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