Question

An individual is attempting to determine if it is necessary to register as an investment advisor due to the nature of some of their activities. The individual only works with accredited or qualified clients. How does this affect registration requirements?

Answer 1

[D]

Step-by-step explanation:

Based on the information provided within the question it can be said that the Clients being accredited or qualified would not affect registration requirements or exemptions. This is due to Investment Advisors Act of 1940 and Investment Advisor would have to register if they are giving advice about securities, being compensation, and being the business of giving advice, regardless if the client are accredited or qualified.