Which of the following statements is TRUE according to the Uniform Securities Act?
a. The Administrator may require a surety bond for advisers who have custody of client funds or securities.
b. The Administrator may require minimum financial requirements for advisers, whether or not they have custody of clients' funds or securities.
c. Surety bonds are required only of investment advisers who have custody or exercise investment discretion over client accounts.
d. The Administrator may inspect any adviser's records without prior notice, both within and outside its state.