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NEW QUESTION: 1
Switch Advisory is a small investment adviser partnership registered in a single state. A larger investment adviser firm, Bait Investment Adviser, is registered in the same state as well as two other states. Bait has offered to buy out three of Switch's partners who want to retire. This will give Bait a 60% ownership in Switch Advisory.
Which of the following statements are true?
I. Switch Advisory must obtain the approval of its clients before the partners can sell their interests to Bait.
II. Switch Advisory must notify the state Administrator of this event.
III. Switch Advisory must notify their clients of this event, but does not need the clients' approval.
IV. Switch Advisory must notify the SEC of this event.
A. I and II only
B. I only
C. I, II, and IV only
D. II, III, and IV only
Answer: A
Explanation:
Explanation/Reference:
Explanation: Only Selections I and II are true. Switch must obtain the approval of its clients before the partners can sell their interests, and Switch must notify the state Administrator of this event. Whenever a change in partnership will result in new ownership of the business, which is the case when an external entity acquires a 60% interest, an investment adviser must get its clients' approval. As a state-registered investment adviser, switch also needs to notify the state Administrator. The SEC does not require notification since Switch is not a federal covered investment adviser.

NEW QUESTION: 2
Drag and drop the Cisco Prime Security Manager available reports on the left onto the correct report examples on the right.

Answer:
Explanation:

Explanation

NEW QUESTION: 3
(single) Which layer of the OSI reference model does the Ethernet switch work on?
A. Network layer
B. Data link layer
C. Transport layer
D. Physical layer
Answer: B

NEW QUESTION: 4
What are two functions of IGMP snooping? (Choose two.)
A. Determining the ports that should receive multicast traffic from certain sources or groups.
B. Learning and maintaining multicast group memberships at the Layer 2 level.
C. Constraining multicast traffic to VPLS interfaces.
D. Restricting multicast packets for IP multicast groups that have downstream receivers.
E. Enabling hosts in a UDLR environment to join a multicast group sourced from an upstream network.
Answer: A,B