Under the Uniform Securities Act, a person is required to register as an investment adviser if that person, for compensation, engages in which of the following activities?

Under the Uniform Securities Act, a person

Multiple choice — select the best answer

ABuying and selling securities exclusively for their own account
BProviding advice about securities as a regular part of their business
CExecuting trade orders on behalf of clients without offering guidance
DPublishing a general-circulation newspaper that incidentally discusses stock prices

✓ Correct answer: B. Providing advice about securities as a regular part of their business The USA defines an investment adviser as one who, for compensation and as part of a regular business, advises others about securities; trading for one's own account, pure order execution, and bona fide newspaper publishers are excluded.

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Topic: Uniform Securities Agent State Law

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Under the Uniform Securities Act, a person is required to register as an investment adviser if that person, for compensation, engages in which of the following activities?

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