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NEW QUESTION: 1
Needy Investment Advisers, LLC needs a loan. One of its wealthier clients has offered to lend the firm the
money at the prime rate of interest. A promissory note is drawn up stipulating the terms of the loan. Based
on these facts,
A. Needy is in violation of securities laws by acting as an issuer of securities.
B. Needy is in violation of securities laws only if the face value of the note is for $50,000 or more.
C. Needy is not in danger of violating any securities laws since the loan was unsolicited and has been
properly executed via a promissory note.
D. Needy will be in violation of securities laws unless a waiver of compliance form is signed by the client
and submitted to the administrator.
Answer: A
Explanation:
In accepting a loan from a wealthy client, Needy is in violation of securities laws by acting as
an issuer of securities. Under NASAA Model Rules, investment advisers may not borrow money from
clients unless the client is in the business of lending money, as would be the case if the client were a
financial institution. It doesn't matter if the client is in agreement with the loan; waiver of compliance
agreements are prohibited by both the NASAA Model Rules and the Investment Advisers Act of 1940. Nor
does it matter that the loan was unsolicited and formalized with a promissory note.

NEW QUESTION: 2
ASA firewall cause outage....maintaining QOS in architecture ......(or)Cisco ASA in active /active mode, how to pass almost like stateful info across to the other member?
A. ASR groups
B. ECMP
C. IP SLA
D. BFD
Answer: A
Explanation:
ASR = Asymmetric routing

NEW QUESTION: 3
The DLRL Selection class uses some criteria to identify a subset of object instances from a ______.
A. Cache
B. ObjectHome
C. Contract
D. CacheAccess
Answer: B