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horrorfan [7]
2 years ago
9

To determine if a person is "in the business" of giving investment advice under the Investment Advisers Act of 1940, which of th

e following are considered?
I That the individual regularly gives advice on securities.
II That more than 50% of the individual's earnings are derived from making investment recommendations.
III That the individual receives compensation for giving advice on securities.
A. I only.
B. I and III only.
C. II and III only.
D. I, II, III.
Business
1 answer:
Harlamova29_29 [7]2 years ago
6 0

Answer:

Correct Answer:

B. I and III only.

Explanation:

<em>Someone in business of giving business advise is known as an </em><u><em>investment adviser</em></u><em>. </em>

<em>An investment adviser is a person or firm that is engaged in the business of providing investment advice to others or issuing reports or analyses regarding securities, for compensation.</em> <em>Based on the definition above, the best option for the question is Option B.</em>

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