RegistrationCâu 15 / 100
A certified public accountant prepares tax returns for a client. During the engagement she explains that municipal bond interest would reduce the client's tax bill and suggests he discuss municipal bonds with a broker. She charges only her standard tax preparation fee. Under the Uniform Securities Act, the accountant is:
a.An investment adviser who must register in the state
b.An investment adviser representative of her accounting firm
c.Excluded from the definition of investment adviser because the advice was solely incidental to her accounting practice and she received no special compensation
d.A broker-dealer because she referred the client to a securities firm
Giải thích
The act excludes lawyers, accountants, teachers, and engineers whose investment advice is solely incidental to their profession and who receive no special compensation for it. Both prongs are met here: the comment arose out of tax work and no separate advisory fee was charged. Had she billed a distinct fee for securities advice, the exclusion would be lost.
Trích dẫn luật: Uniform Securities ActLuyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A registered broker-dealer files an application to withdraw its registration in a state. Which statement is correct?
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