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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 not in danger of violating any securities laws since the loan was unsolicited and has been
properly executed via a promissory note.
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 in violation of securities laws by acting as an issuer of securities.
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: C
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
An administrator has been tasked with mapping all users from corp to their own directory in /Userdata.
Which is the correct format for the homedirfile configuration?
A. *:corp;/userdata
B. corp;/userdata:*
C. corp:*:/userdata
D. *./userdata:corp
Answer: C
Explanation:
Explanation/Reference:
Explanation:
NEW QUESTION: 3
Electrical power cables are usually routed above aerial cable in order to:
A. Provide aesthetics, as the power cables are bigger than the aerial cables
B. Negate the need for protectors
C. Intercept and divert direct power strikes
D. Be a strength member in case a tree or something heavy falls on the lines
Answer: C
NEW QUESTION: 4
You are installing a new EMC NetWorker server and would like alerts to be sent automatically to EMC Support. What additional component needs to be included as part of this installation?
A. EMC HomeBase Agent
B. EMC NetWorker License Manager
C. SNMP Alert
D. ConnectEMC
Answer: D