Question

Under the uniform securities act, an investment adviser may be formed as any of the following except a(n)?

Answer 1

Under the Uniform Securities Act, an investment adviser may be formed as any of the following except a broker dealer.

The Uniform Securities Act is a model law that any state can use to help them create their own state securities laws. The National Conference of Commissioners on Uniform State Laws developed it.

A broker-dealer (B-D) is a person or company who trades securities for their own account or on behalf of their clients. Since the majority of stock brokerages function as both agents and principals, the term "broker-dealer" is used to describe them in terms of U.S. securities regulation.

An individual or business that receives compensation for advising clients about securities is known as an investment adviser. Investment advisers and financial advisors are not the same even if the names have a similar sound.

Learn more about Uniform Securities Act here

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