Laws & RegulationsCâu 6 / 100
Which of the following professionals would most likely qualify for the exclusion from the definition of investment adviser because advice is incidental to their practice and no special compensation is received?
a.A person whose sole business is publishing a paid stock-picking newsletter with specific client advice
b.A financial planner who charges a fee for creating investment plans
c.An accountant who occasionally comments on the tax effect of an investment while preparing a return
d.An individual who manages discretionary accounts for a wrap fee
Giải thích
The Investment Advisers Act excludes certain professionals — lawyers, accountants, engineers, and teachers — when advice is incidental to their profession and no special compensation is received. An accountant commenting on tax effects during return preparation fits this LATE exclusion. Charging separately for investment advice defeats the exclusion.
Trích dẫn luật: Investment Advisers Act of 1940Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which of the following is considered an exempt SECURITY under the Uniform Securities Act?
- An investment adviser representative learns material nonpublic information about a public company from a client who is a corporate insider. The IAR then buys the stock for personal gain. This conduct is best described as:
- Under the Uniform Securities Act, which person would MOST likely need to register as an agent?
- A federal covered investment adviser with clients in five states is generally subject to registration and oversight primarily by:
- An agent tells a customer, 'This stock is guaranteed to go up because the state Administrator approved the registration.' This statement is:
- Which of the following is an exempt TRANSACTION under the Uniform Securities Act?
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NASAA Series 66 Uniform Combined State Law Exam · Quy trình kiểm tra