Which of the following activities by an agent of a brokerWhich of the following activities by an agent of a broker-dealer would be unethical according to the Uniform Securities Act? Unless the client's spouse has authorization to execute transactions in the account(s), executing orders on such authority is unethical.
Which of the following choices would meet the definition of an investment adviser under the Investment Advisers Act?Which of the following choices would meet the definition of an investment adviser under the Investment Advisers Act? According to SEC Release 1092, accountants who hold themselves out to the public as providers of financial planning services would meet the definition of an investment adviser.
Which of the following persons would be considered an investment adviser under the Investment Advisers Act of 1940?Any firm that offers wrap accounts is considered an investment adviser. The Investment Advisers Act of 1940 specifically excludes a lawyer, accountant, engineer, or teacher whose rendering of investment advice is solely incidental to the practice of her profession.
Which of the following persons is not excluded from the definition of a brokerAccording to the Uniform Securities Act, a bank, an agent, and an issuer are all specifically excluded from the definition of a broker-dealer. An investment adviser has no specific exclusion.
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