Unit 1

Question 1

New issues are regulated under _______________________

Answer 1

Securities Act of 1933

Question 2

A broker dealer acting as an Agent:
Acts as a ___________
Charges a __________
Connects the _____________

Answer 2

broker; commission; buyers and sellers

Question 3

A broker dealer acting as a Principal:
Acts as __________
Sells from __________
Charges a __________

Answer 3

dealer; inventory; mark up or mark down

Question 4

Form ADV Part 1B is only for _________________

Answer 4

state-registered advisers