Don is a state-registered agent with GetErDone Broker-Dealers. He has three other friends who are licensed agents-Huey, Dewey, and Louie. Huey is also an agent with GetErDone Broker-Dealers. Dewey is an agent with a different firm in the same city, CanDo Broker-Dealers. Louie works for a Broker-Dealer with an office just across the state line.
Don can enter a commission-splitting agreement with

• A. Either Huey, Dewey, or Louie or any combination of the three
• B. either Huey or Dewey or both
• C. Huey only
• D. Dewey only

說明：（僅 Fast2test 成員可見）

Which of the following scenarios does not meet the definition of "custody" under NASAA Model Rules?

• A. An investment adviser has general power of attorney for a client and is authorized to withdraw client funds or securities that are on deposit with a registered broker-dealer upon the investment adviser's request.
• B. An investment adviser is mistakenly sent a client's securities, but returns them to the sender within three business days of receipt.
• C. An investment adviser receives a check from a client that is written to a mutual fund and forwards the check to the mutual fund within three business days of receipt.
• D. An investment adviser keeps a client's securities in its safety deposit box.

說明：（僅 Fast2test 成員可見）

The Administrator may require a firm to supply it with any prospectus, pamphlet, advertisement, or other sales literature intended for prospective investors unless the security
I. will be sold only through an investment advisory firm.
II. is a federal covered security.
III. is issued by a state credit union.

• A. I only
• B. II only
• C. I, II and III
• D. II and III only

說明：（僅 Fast2test 成員可見）

A bond issue has recently been registered with the state Administrator.
Which of the following statements are true?

• A. Both A and B are true statements.
• B. An investor can feel secure in buying the bond because it has recently been registered, which means that the state Administrator finds it to be of sound quality at this point in time.
• C. The bond may now be offered for sale in the state.
• D. The issuer may now offer this bond for sale, and any other bonds that the issuer may want to offer for sale in the future will be able be sold after the issuer executes a notice filing.

說明：（僅 Fast2test 成員可見）

You are an investment adviser to Mr. Crochety, an elderly man who lives solely on his social security income although he managed to accumulate an investment portfolio worth about $100,000 over the years. Mr.
Crochety recently got his hands on a business publication and read about the tax-free interest paid by municipal bonds. He calls you and instructs you to sell his other investments and invest all his money in a municipal bond portfolio, so that "the government doesn't get any more of my hard-earned money." You tell Mr. Crochety that you don't believe this is a wise move because he's in such a low tax bracket that municipal bonds are not a good investment for him, but he is insistent. Based on these facts, you should

• A. require Mr. Crochety to sign an affidavit of liability waiver, indicating that you will not be held responsible for any adverse consequences of this decision.
• B. have Mr. Crochety sign a statement of investment policy that indicates that this transaction is being executed on the client's instructions and that you have advised the client against it.
• C. call Mr. Crochety's relatives and suggest they have him examined for mental instability.
• D. ignore Mr. Crochety's instruction since it is not in his best interest.

說明：（僅 Fast2test 成員可見）