14. s7. An companies b. A res of other . A type of company also known as an \"in

Question

14. s7. An companies b. A res of other . A type of company also known as an "investment bank 38. A "mutual fund" is- a. A joint venture b. c. A publicly-traded investment company d. A private bank 39. "Scalping" by an investment adviser is b. c. Charging a specified percentage of the purchase price of a Investing in a security for the advisor's own account immediately prior to recommending the security to its investment advisory clients security d. Charging clients an excessive mark-up or "spread on over-the-counter (OTC) securities 40. The Foreign Corrupt Practices Act a. Prohibits any foreign company or individual from bribing U.S. government officials b. Prohibits c. Requires publichy-traded companies to d. Prohibits U.s. companies even from complying with foreign laws expressly permitting any U.S company or individual from bribing foreign government officials keep accurate books and records business bribery 41. The four "pllars" of Bank Secrecy Act/Anti-Money Laundering Compliance do NOT include a. Internal policies, procedures and controls b. Designation of a compliance officer c. Self-reporting of violations d. Ongoing employee training program 42. In Boyle v. United States, the U.S. Supreme Court held that- a. To support a RICO conviction, there must be a corporation, partnership or similar

Explanation / Answer

37. C

38. B ( Mutual fund is a professionally managed investment, operated under an asset management company that brings together a group of people and invests their money in stocks, bonds and other securities.)

39. C

40. B (Foreign Corrupt Practices act clearly prohibits any US or Individual from bribing foreign Govt officials.)

41. C (Instead of Self Reporting Voilation it should be Independent Review of Compliance.)

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