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NEW QUESTION: 1
Which of the following scenarios does not meet the definition of "custody" under NASAA Model Rules?
A. 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.
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 keeps a client's securities in its safety deposit box.
D. 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.
Answer: B
Explanation:
Explanation/Reference:
Explanation: If an investment adviser is mistakenly sent a client's securities, but returns them to the sender within three business days of receipt, he is not deemed to have taken custody of the securities under NASAA Model Rules. Custody is defined by the NASAA as "holding directly or indirectly, client funds or securities, or having any authority to obtain possession of them." Therefore, an investment adviser who has general power of attorney to withdraw a client's funds or securities from a broker-dealer is acting as a custodian, as is an investment adviser who keeps a client's securities in its safety deposit box. If an investment adviser receives a check from a client that is written to a third party, such as a mutual, that check must be forwarded within 24 hours of receipt, or the investment adviser is deemed to be a custodian.
NEW QUESTION: 2
An order fulfillment case type allows a customer to update user profile information during the order placement stage.
The user profile consists of the following three pages:
* Account ID and password
* Customer contact information
* A list of open orders with the status of each order
How do you configure the case type to allow customers to update any of the user profile pages at any time during case processing?
A. Add an alternate stage to the case life cycle.
B. Add a set of optional actions to the case workflow.
C. Add a button for each profile page to each assignment.
D. Add an optional process to the case workflow.
Answer: B
NEW QUESTION: 3
Which actions can you accomplish using a process chain? There are 2 correct answers to this question.
Choose:
A. Activate DataStore objects data
B. Create aggregates
C. Delete InfoObjects
D. Delete indexes
Answer: A,D