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Business, 02.01.2020 20:31 yolo1143

An investment adviser is considered to "take custody" of funds or securities from a customer if it:
a. exercises discretionary authority by placing trades of securities for that customer
b. accepts a check from the customer made payable to the fund custodian to buy a mutual fund
c. accepts commissions for effecting trades for that customer's account through an affiliated broker-dealer
d. is appointed as trustee for a customer's trust account under a legally binding trust document

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An investment adviser is considered to "take custody" of funds or securities from a customer if it:...
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