Financial Requirements, Bonding, and Post-Registration Duties

What this video covers

• When custody or discretionary authority triggers stricter minimum financial requirements, and why these two powers are independent triggers rather than a combined threshold
• Why a surety bond is a substitute safeguard, not a stacked requirement, and the conditions under which an adviser is exempt from bonding
• The five NASAA model rule categories that govern adviser conduct: unethical business practices, recordkeeping, advisory contract contents, custody requirements, and information security privacy
• The four disclosure conditions for testimonials and endorsements, and why testimonials are conditional rather than prohibited
• Why gross performance must always be accompanied by equally prominent net performance calculated over the same time period using the same methodology
• The difference between prompt amendment deadlines for state-registered advisers and Securities and Exchange Commission (SEC) deadlines for federal covered advisers
• Whether extended broker-dealer (BD) experience automatically qualifies someone as an investment adviser representative