Document Preparation & Filing Flashcards
7 cards from real Series 66 – Uniform Combined State Law Exam practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Document Preparation & Filing flashcards as text
An investment adviser's fiscal year ends December 31. By when must the annual updating amendment be filed under SEC rules?
Answer: March 31
The annual updating amendment is due within 90 days of fiscal year-end, which is March 31.
Which of the following is a required disclosure on Form U4?
Answer: Felony convictions and certain pleas
Form U4 requires disclosure of criminal history, regulatory actions, customer complaints and financial matters such as bankruptcies.
An investment adviser changes its business address. What must it do?
Answer: Promptly amend Form ADV
Information in Part 1 that becomes inaccurate, such as address, requires prompt amendment.
Which registration system tracks broker-dealers and agents' registration and disclosure information?
Answer: CRD
The Central Registration Depository (CRD) is used for broker-dealers and agents.
Which filing is made by an investment company to notify a state that it is offering a federal covered security?
Answer: Form NF
Form NF is the notice filing used for investment company securities.
A person who is a de minimis investment adviser in a state generally has how many clients in that state within a 12-month period?
Answer: Fewer than 6
The NASAA de minimis exemption applies to advisers with no place of business in the state and fewer than six clients there in 12 months.
Which advisers generally register with the SEC rather than the state?
Answer: Those managing at least $110 million
Advisers with $110 million or more in regulatory assets under management typically register with the SEC.
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