Answer:
This will:
C. expire on December 31st of the current year
Step-by-step explanation:
A Registered Investment Adviser (RIA) can be an individual or company that provides investment advice portfolio management services for individuals who have a high net worth. A RIA has an obligation to it's client to offer advice and management in the client's best financial interest. One of the requirement of an RIA is to be registered by the Securities Exchange Commission or the state securities administrators. RIAs are usually paid based on the value of the assets they manage on behalf of their clients, usually 1% of the total value of the assets. RIAs usually operate on a fiduciary capacity. This means that they are held at a higher regard than registered representatives which means that their conduct towards the client's interest should be impeccable even if their own interest is at stake.
When an annual registration is made, it is valid only until December 31st of that particular year. Registrations and notice filings can be made by an agent, investment adviser or even and investment adviser representative. However, if a registered investment adviser renews their annual fee, the expiry date is carried forward to the following year.