[B] II & III only. Excluded from the definition of Investment Advisor are institutions such as Banks, savings institutions, Trust companies, and investment companies. These entities and would not be defined as an investment adviser even if they charge a fee for advisory services.
Keeping this in view, which of the following would not be considered a reason to suspend or revoke an investment adviser’s registration under the Uniform Securities Act?
Which of the following would NOT be considered a reason to suspend or revoke an investment adviser’s registration under the Uniform Securities Act? Explanation: Incorrect.
In this regard, which of the following are excluded from the definition of a broker-dealer?
Firms that trade exclusively with Professional Investors with No place of business in the state are excluded (from the term broker–dealer) Firms that contact existing customers on vacation in another state are Excluded (from definition of broker–dealer hence EXEMPT from registration)