SIE Exam Question 268: Answer and Explanation

Question: 268

When reviewing the definitions of broker-dealers and investment advisers, one would find that:

• A. Broker-dealers can engage in securities transactions for compensation.
• B. Investment advisers engage in providing advice relating to the advisability of investing or not investing in securities for compensation
• C. An investment advisory firm must have an account at a broker-dealer in order to have the recommended transactions executed.
• D. All of these

Correct Answer: D

Explanation:

D: Each of these answers is a true statement.