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Solnce55 [7]
4 years ago
7

True or False:

Business
1 answer:
Gnoma [55]4 years ago
8 0

Answer:

That statement is false.

Explanation:

It's the other way around.

The licensing and regulation of financial advisers is actually a way for government to protect customers from unqualified 'financial firms' that might screw them over.

Without any licensing or regulation, any people could pretend to be a financial advisers and trick people to put their money in their firms.

In order to obtain a license as a financial advisers, you need to  pass the test called  <u>Investment Company and Variable Contracts Products Representative exam,  </u>

Obtaining this license means that you're knowledgeable enough in finances and has the credibility to give safe/correct advice for the customers.

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The recognized gain is $2000

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