d. A company whose principal business is leveraged buy-outs of other companies 4

Question

d. A company whose principal business is leveraged buy-outs of other companies 40. A "mutual fund" is- a. A joint venture b. An investment bank in co-operative form c Apublicly-traded investment company d. A private bank 41. The current assets under management (AUM) threshold for required federal registration as an investment adviser is- a. $50 million b $75 million c. $100 million d. $250 million 42. The Foreign Corrupt Practices Act- a. Prohibits any foreign company or individual from bribing U.s. government officials b. Prohibits any U.S. company or individual from bribing foreign government officials c. Requires publicly-traded companies to keep accurate books and records d. Prohibits U.S. companies even from complying with foreign laws expressly permitting business bribery 43. The four "pillars" of Bank Secrecy Act/Anti-Money Laundering Compliance do NOT include- a. b. c. d. Internal policies, procedures and controls Designation of a compliance officer Self-reporting of violations Ongoing employee training program 44. When a "financial institution" believes that its facilities may have been used to launder money, it should a. Gather evidence and closely monitor the situation b. Do nothing until it suffers a loss c. Confront the customer and close the account d. File a confidential SAR with the appropriate authorities 45. When a company attorney believes that a public company client is about to file a 10-x containing fraudulent financial statements, she should a. b. Report her suspicions to the SEC File a confidential SAR with appropriate authorities

Explanation / Answer

Question Answer Explanation 40 b Mutul fund is a company which collects money from public for investment. 41 c $ 100 million AUM required for registration 42 b It prohibits bribing by US companies to foreign government official to get business 43 c It does not include self reporting of violations. 44 d Filing of SAR is required 45 a SEC reporting is required

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