Under the Investment Advisers Act of 1940, an investment adviser who has custody of clients' funds and securities must:

A)annually provide each client with an itemized list of the securities and funds and their location.
B)maintain a surety bond in an amount determined by the SEC.
C)annually perform a physical inventory of all clients' funds and securities and file an affidavit with the SEC.
D)keep the clients' securities and funds segregated and identified.