Show:
Books and Records
Miscellaneous
Marketing and Advertising
Privacy
Ethics
100
Regulation that requires an Adviser to maintain all written correspondence, including email communications, all transactional information pertaining to client accounts, all statements from custodians and all company financial reports
What is Books and Records?
100
Regulatory body that requires that Investment Adviser's must have a compliance program and a Chief Compliance Officer
What is the SEC (Securities and Exchange Commission)?
100
Cornerstone posts on their website positive comments from clients, who indicate we are superior in our customer service and how they would recommend us highly for advisory services.
What is a testimonial?
100
Client name and social security number, client name and full account number or client wiring instructions
What is confidential/personal information?
100
Private (non-public) information about a company that could be used to buy or sell securities that could lead to a profit or prevent a financial loss
What is insider information?
200
An adviser must maintain Books and Records to be accessible in their office for this required time period
What is two (2) years?
200
Disclosure document that must be updated annually and includes information pertaining to the business practices of the advisory firm, outlining the bios of the partners, and any pertinent person who advises or makes recommendations to clients
What is the ADV Part 2A and Part 2B?
200
DOUBLE POINT QUESTION....When preparing a proposal for a prospective client, the marketing person and portfolio manager select only the sample information for accounts that have the best performance returns
What is cherry-picking?
200
Policy/Procedure implemented by Cornerstone Management to protect client confidential information
What is WISP (Written Information Security Program)?
200
Access persons must provide this report to the Chief Compliance Officer within 30 days after the close of the quarter end
What is Transaction Report?
300
Maximum time period that the SEC can require an Adviser to produce Books and Records
What is five (5) years?
300
Policy/procedure that outlines what to do if there is a natural disaster, fire or any other event affecting the ability of employees to work from the Norcross location
What is Business Continuity Plan?
300
The information provided at the bottom of a performance report, a sample presentation or with a partial client list that outlines information that is required or pertinent for the client or prospect to know about the report, presentation or list
What are disclosures?
300
The three acceptable methods for transmitting confidential information through email
What is smarsh secure system, sharefile or password protected pdf
300
Requirement and expectation that an advisory firm and its employees always act in the best interest of the client and put the client before their personal interest
What is fiduciary duty?
400
The approximate time period that the SEC will give an Adviser to provide document requested during an examination in the Adviser's office
What is 24-48 hours?
400
Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Fair Credit Reporting Act of 1970 (amended section 615 (e)), the SEC and the CFTC required the implementation of this policy to address identity theft
What is Red Flag Rule?
400
The company website, company brochures, a response to a Request for Proposal, any printed information provided to 10 or more prospects are considered.....
What are marketing materials?
400
Clients who do not want to participate in the disclose of account information to Chicago Clearing Corporation for class action monitoring must be provided with a
What is "Opt-Out"?
400
The policy that outlines personal trading requirements, the expectation of the conduct of employees, information pertaining to insider trading and investments that are exempt from reporting
What is the Code of Ethics?
500
DOUBLE POINT QUESTION.....If an Adviser is unable to provide documents requested by the SEC during an examination the result is....
What is deficiency?
500
Regulation that requires employees of a firm to report any political contributions when the firm solicits advisory business with government entities
What is Pay to Play?
500
Cornerstone advertises on its website, sends out letters or brochures outlining that we have investment strategies that can earn 25% returns for any client portfolios
What is false and misleading advertising?
500
Method used for disposing of documents containing client confidential information...
What is shredding?
500
DOUBLE POINT QUESTION....Behavior that means doing the right thing when no one else is looking.....
What is ethical behavior?