A. More than $20 million

B.
More than $25 million

C.
$25 million to $30 million

D.
More than $30 million






Correct Answer: D

Firms with less than $25 million in assets under management generally register with the state or states in which they have a place of business and in which they have clients. Firms with assets between $25 million and $30 million may choose between state registration and SEC registration, but they are required to register with SEC when assets under management exceed $30 million.

Hint: The key to answering this question is to know that $25 million to $30 million is the gray zone with a choice between state registration and SEC registration.





comments powered by Disqus
Trading Center