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NEW QUESTION: 1
What is the purpose of creating a new service?
A. To create an audio only conference type
B. To change the Maximum Call Rate of all the conferences
C. To allow multiple conferences to be created at one time
D. To allow different attributes to be applied to the new service
Answer: B
NEW QUESTION: 2
Data can be assessed based on whether it is required by:
A. Ongoing operations
B. Business policy
C. Regulatory reporting
D. Make the integration between data management and data analytics possible
E. Provide the starting point for customizations, integration or even replacement of an application
F. Capturing policy
Answer: A,B,C
NEW QUESTION: 3
Mr. Bashful, Mr. Sleepy, Mr. Doc, Mr. Grumpy, Mr. Sneezy, and Mr. Happy are all employees of S. White
Investment Advisers. Mr. Doc, Mr. Sneezy, and Mr. Happy give investment advice to the firm's clients and
manage their portfolios. Mr. Sleepy greets clients and makes cold calls to solicit more business for the
firm. Mr. Bashful performs general clerical services, such as filing. Mr. Grumpy is the office manager and
is the direct supervisor of the other five employees. Which of S. White's employees must register as
investment adviser representatives under the Investment Advisers Act of 1940?
A. only Mr. Grumpy
B. Mr. Grumpy, Mr. Doc, Mr. Sneezy, Mr. Happy, and Mr. Sleepy
C. Mr. Grumpy, Mr. Doc, Mr. Sneezy, and Mr. Happy
D. All of them must register as investment adviser representatives.
Answer: B
Explanation:
Mr. Grumpy, Mr. Doc, Mr. Sneezy, Mr. Happy, and Mr. Sleepy must register as investment
adviser representatives under the Investment Advisers Act of 1940. Only Mr. Bashful need not register
since he performs only clerical duties. Any employee who makes investment recommendations and/or
manages client portfolios and any employee who solicits or offers investment advisory services must
register. Anyone who is a supervisor to those performing these duties must also register.
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L4M3 Exam Info
In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the L4M3 Exam.
L4M3 Exam Topics
Review the L4M3 especially if you are on a recertification. Make sure you are still on the same page with what CIPS wants from you.
L4M3 Offcial Page
Review the official page for the L4M3 Offcial if you haven’t done it already.
Check what resources you have available for studying.
Schedule the L4M3 Exam
Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.