Acme Securities Inc. is registered as a broker-dealer in the State of Utah under the Uniform Securities Act. Acme wishes to begin charging customers a fee for managing accounts on a discretionary basis. Which statement is TRUE? A. Acme Securities Inc. is prohibited from charging fees for managing customer accounts under the Uniform Securities Act
B. Acme Securities Inc. may charge a management fee as long as it does not discriminate among customers that have discretionary accounts and the charges are fair and reasonable
C. Acme Securities Inc. may charge a management fee if it registers in the State as an investment adviser and the charges are fair and reasonable
D. Acme Securities Inc. may charge a management fee in its legal capacity as a registered broker-dealer in the State as long as it remains in compliance with the provisions of the Uniform Securities Act

C. Acme Securities Inc. may charge a management fee if it registers in the State as an investment adviser and the charges are fair and reasonable

Explanation:

From the question we are informed about Acme Securities Inc. which s registered as a broker-dealer in the State of Utah under the Uniform Securities Act. Acme wishes to begin charging customers a fee for managing accounts on a discretionary basis.

in this case the statement that is TRUE is "Acme Securities Inc. may charge a management fee if it registers in the State as an investment adviser and the charges are fair and reasonable"

The Uniform Securities Act can be regarded as a model law set up as a starting point as far as state-level securities regulation is concerned. The law was put in place so that securities fraud can be dealt with at the state level and render assistance to Securities and Exchange Commission (SEC) so that enforcement and regulation hold firmly.

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