The Investment Advisers Act of 1940 requires persons and firms giving investment advice to clients to .

Question

Quizplus · Accepted Answer

The Investment Advisers Act of 1940 requires all persons and firms giving investment advice to clients to register with the Securities and Exchange Commission (SEC). This includes individuals and firms who provide advice on securities, finances, and investment strategies for a fee. The registration process involves a thorough review of the adviser’s background and investment philosophy, as well as ongoing reporting requirements and periodic examinations by the SEC. The other choices (A, B, and C) are not accurate, as they do not reflect the requirements of the Investment Advisers Act of 1940.

The Investment Advisers Act of 1940 Requires Persons and Firms