Free Version

Dashboard
Review Topics
Quizzes
Practice Exams
Flashcards
Vocabulary
Do buffalo have elbows? I just wanted to make sure I could check my watch during the test.

Regulation Regurgitation

The Investment Advisors Act of 1940 and the USA define an investment adviser as:

“…any person who, for compensation, engages in the business of advising others as the value of securities or the advisability of investing in securities or, as part of a regular business, issues analyses or reports concerning securities.”

And they define a broker dealer as:

“…any person regularly engaged in the business of effecting transactions in securities for the account of others.”

Before we dig t...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

$65.65
Next: Registering Securities
Prev: Remedies and Administrative Provisions

*Securities is a registered trademark of the College Board, which was not involved in the production of, and does not endorse this product.