Exercise
Choose investment adviser or Not an investment adviser
- 1. _ Jim, who works for Your Interest, a firm that receives compensation for giving investment advice.
- 2. _ Silvia, who teaches a class at a community college which includes several classes involving general strategies for financial investment.
- 3. _ Valued Services, a broker-dealer firm that pays its employees a commission for securities traded as well as occasional compensation for giving advice on which investments are best suited for clients’ portfolios.
- 4. _ Investments Publishing, the publisher of a subscription-based interactive website with a component that allows investors to enter personal information and receive advice that matches their needs.
- 5. _ Beth, an agent for Security Group who gives investment advice but is only compensated for effecting transactions.
Answers
- 1. Not an investment adviser. Jim works for an investment adviser and thus is an investment advise
