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DA-100 Analyzing Data with Okta Power BI

DA-100 Analyzing Data with Okta Power BI

AZ-301 Okta Azure Architect Design

AZ-301 Okta Azure Architect Design

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NEW QUESTION: 1
Which of the following persons would not fall under the definition of "investment adviser," under federal guidelines?
A. an individual who advises only Oprah Winfrey on her investment portfolio and receives a nice salary for doing so.
B. None of the above would fall under the definition of "investment adviser," as defined by the Investment Advisers Act of 1940.
C. a Denver-based, broker-dealer that is registered as a broker-dealer with the SEC and provides investment advice to members of the Denver Broncos, the Colorado Rockies, the Denver Nuggets, and the Colorado Avalanche organizations in exchange for box seats at their games. No monetary compensation is expected or given.
D. an individual who works as an agent for a broker and occasionally gives investment advice to clients who request it, but receives no additional compensation for doing so.
Answer: D
Explanation:
Explanation/Reference:
Explanation: An individual who works as an agent for a broker and occasionally gives investment advice to clients who request it, but receives no additional compensation for doing so would not fall under the definition of "investment adviser," under federal guidelines. In 1987, Release IA -1092 expanded the definition to include individuals providing investment advice to entertainers or athletes, among others. The compensation need not be monetary. Box seats at athletic events would be considered compensation for advisory services.


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Okta-Certified-Administrator Okta Certified Administrator Exam

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