Question

A division of a corporation regularly renders investment advice for a fee to its clients. The corporation also regularly performs securities transactions for the clients of its advisory service. Under the Uniform Securities Act, the corporation is:___________.A) a broker/dealer onlyB) an investment adviser onlyC) Both a broker/dealer and an investment adviserD) Neither a broker/dealer nor an investment adviser

Answer 1

C). Both a broker/dealer and an investment adviser

Step-by-step explanation:

The USA defines a broker/dealer as any person who is in the business of executing transactions in securities for the accounts of others or for its own account. The USA defines an investment adviser as any person who provides advice about securities as a business for compensation.