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NEW QUESTION: 1
A. Option D
B. Option A
C. Option B
D. Option C
Answer: D
NEW QUESTION: 2
A. Option D
B. Option C
C. Option A
D. Option B
Answer: A
NEW QUESTION: 3
Individual states are prohibited from requiring a broker-dealer or investment adviser to file financial reports more frequently than:
A. twelve times a year.
B. once a year.
C. four times a year.
D. twice a year.
Answer: C
Explanation:
Explanation/Reference:
Explanation: Individual states are prohibited from requiring a broker-dealer or investment adviser to file financial reports more frequently than four times a year. Under the Securities and Exchange Act of 1934, individual states are prohibited from imposing more stringent requirements than those already required by the SEC, and the SEC requires quarterly reporting. Therefore, a state may not require that a broker-dealer or investment adviser file monthly reports with it.