Question

all of the following are define as investment advisers who have been compensated under sec release IA-1092 except: investment newsletter that charges a subscription fee for reports issued on specific securties

Answer 1

investment newsletter that charges a subscription fee for reports issued on specific securities.

Step-by-step explanation:

According to the securities and exchange commission (SEC) release IA-1092, investment advisors include: financial planners, pension consultants, sports or entertainment representatives, advisors to employee benefit plans, advisors to clients regarding the selection or retention of an investment manager.

Therefore, newsletter that charge a subscription are not included under th definition of investment advisors.