1. Trades placed in a margin account require what percent of the purchase price be deposited in the account?

2. Firms must maintain certain records for _____ years after the termination of business ***not from the last use.

3. The face that the security or transaction is exempt means the ___________ doesn't have to register.

4. makes recommendations or renders advice regarding securities - Manages client accounts or portfolios - Determines which recommendation or advice regarding securities should be given - Sells investment advisory services or solicits offers or negotiates for their sale - Supervises anyone who performs any of the foregoing

5. Any scheme or program or plan to defraud

6. A consent to service of process is for...? It allows a lawsuit against an agent to proceed with notice to the administrator instead of to the agent. Each state requires its own consent to service of process.

7. NSMIA

8. Unlisted stocks (OTC)

9. A personal bankruptcy within the past _____ years must be disclosed when applying for registration and if an applicant is insolvent that (IS / IS NOT) grounds for denial or revocation of a registration.

10. An issuer can amend an effective registration statement to increase the size of an offering, but not the _________ __________ __________.

11. They must describe the amount of any prepaid fee that will be returned to the client in the event the contract is terminated. - They must prohibit the use of discretion without the client's authorization. No requirements for renewal on an annual basis.

12. A legal document entered into by all registrants, whereby the Administrator is given the power to accept legal papers on behalf of the registrant. This document is required for every initial registration, but not needed at each annual review. Limited to civil actions.The agreement that the Administrator can receive subpoenas on behalf of a registered agent, broker-dealer, or investment adviser involved in any securities sale that violates the Uniform Securities Act is the

13. The customer's ___________ is not required on the trade confirmation.

14. States whether or not discretion will be exercised, the manner in which the advisory fee will be computed, a provision prohibiting the investment adviser from being compensated based on a share of capital gains NOT other states in which the investment adviser is registered

15. Firms that offer both banking and securities products in the same location must make ORAL and WRITTEN disclosures that securities products are not ______ insured, are subject to risk, and may lose value.

16. These fees are charged by investment advisers to qualified clients only (>$1M or >$2M in net worth). Protects non-qualified clients from a fee structure that can encourage advisers to select risker portfolios to increase advisory fees. Allowed unless specifically disallowed by the state securities administrator.

17. an offer sent via _______ is considered an offer in both the origin and destination states (by an agent).

18. The term __________ is not applicable to a person who represents an issuer in an exempt transaction or in the sale of certain exempt securities, such as those issued or guaranteed by a foreign government with which the United States has diplomatic relations.

19. A purported gift of assessable stock is considered to involve an offer and _______.

20. An unethical practice where a fiduciary acts in his own best-interest rather than his client's best-interest.

21. When a mutual fund or an investment adviser earns these, they can be redeemed with disclosure for services such as: Brokerage services, quotation services, portfolio and securities analysis software, research reports, analyses, and advice, trade analytics, advice on market color and execution strategies, market / financial / economic data, and seminar registration fees.

22. The admin may suspend or revoke a registration based on information that was originally submitted in an application for the first ____ days of registration. After that, these facts cannot be used to justify denial.

23. A registration becomes effective at this time of the 30th day after it is filed.

24. Governments and government agencies. 'Natural Persons' or 'individuals'. NOT an equitable interest in a corporation.

25. Civil penalties for violations of the USA include interest as of the ____________ date, not the trade date, sale date, or settlement date.