The Investment Advisers Act Requires Investment Advisers and Stock Brokers

question 415

True/False

The Investment Advisers Act requires investment advisers and stock brokers to be registered with the SEC, but not stock dealers, who are regulated by the stock exchanges.

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Definitions:

Union

The set containing all elements from two or more given sets, without duplication.

Absolute Value

A mathematical function that measures the distance of a number from zero on the number line, disregarding direction; it's always non-negative.

No Solution

A condition where an equation or system of equations has no possible values that satisfy it.

Absolute Value

The distance of a number from zero on the number line, without considering direction; represented by |x| for a number x.