Final answer:
The false statement is option D, which suggests Chloe must be a registered adviser even if she only publishes general information without providing specific investment advice. However, impersonal advisory activities such as publishing general investment reports do not normally mandate federal registration.
Step-by-step explanation:
When determining whether Chloe needs to be a registered adviser, there are specific rules that govern this requirement. Choices A and C describe certain exemptions to the registration requirement. Specifically, investment advisers who only have clients in their state of residence and do not manage investment portfolios typically may be exempt from federal registration. However, they might still have to comply with state regulations. Choice B accurately states that advising for a single company generally still requires registration. However, the incorrect statement is option D, which infers Chloe would need to register even if she only publishes investment analyses and reports.
If Chloe's activities are solely limited to providing general informational reports and analyses, and she does not provide personalized advice, has no contracts with clients to provide advisory services, and does not manage client portfolios or have decision-making authority over investments, she is likely not to be required to register as an investment adviser at the federal level. This is because under the Investment Advisers Act of 1940, the provision of impersonal investment advice does not typically require registration.