Practice Quiz

FINRA Series 63 (NASAA)

Category - Series 63

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Under the NASAA Model Rules, which of the following must an investment adviser provide its clients with at least once a year?
  1. the total number of agency cross transactions completed for the client during the period
  2. the total amount of commissions or other compensation that the investment adviser received or expects to receive in connection with agency cross transactions performed for the client during the period
  3. the number of any complaints that each of its investment adviser representatives has received during the period
  4. both A and B
Explanation
Answer: D - Under NASAA Model Rules, an investment adviser must provide its clients with the total number of agency cross transactions completed for the client during the period as well as the total amount of any commissions or other compensation that the investment adviser received or expects to receive in connection with agency cross transactions performed for the client during the period.
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