SIE Exam Question 955: Answer and Explanation

Question: 955

An investment adviser that has custody of client assets must file an audited balance sheet with the SEC within how many days of the investment adviser's fiscal year end?

• A. 30 days
• B. 60 days
• C. 90 days
• D. 120 days

Correct Answer: C

Explanation:

An investment adviser that has custody of client assets must file an audited balance sheet with the SEC within 90 days of the investment adviser's fiscal year end.