Which statement is TRUE about disclosing a firm's disciplinary history in Form ADV Part 1A?
1) SEC-registered investment advisers may limit their disclosure of any disciplinary event to 10 years following the date of the event.
2) State-registered investment advisers may limit their disclosure of any disciplinary event to 10 years following the date of the event.
3) Investment advisers are not required to disclose a prior bankruptcy petition to clients.
4) SEC-registered investment advisers are required to report arbitration claims.