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FINRA Uniform Securities State Law Examination Series-63 Question # 30 Topic 4 Discussion

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FINRA Uniform Securities State Law Examination Series-63 Question # 30 Topic 4 Discussion

Series-63 Exam Topic 4 Question 30 Discussion:
Question #: 30
Topic #: 4

Erin is a registered agent who works for SecureMoney Brokers-dealers. One of her clients, Mrs. McTurk, is a recently-widowed woman who relies on Erin for advice about her investment portfolio. Mrs. McTurk reminds Erin of her own grandmother, and she is happy to provide guidance within the sphere of her own knowledge.

Based on these facts, which of the following statements is true?
A.

SecureMoney Broker-dealers must register as an investment adviser since one of its employees is providing investment advice.

B.

Erin must register as an investment adviser since she is providing investment advice.

C.

SecureMoney Broker-dealers must register as an investment adviser since one of its employees is providing investment advice, and Erin must register as an investment adviser representative as the firm’s employee.

D.

Neither SecureMoney Broker-dealers nor Erin must register as an investment adviser based on the facts provided.

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Actual exam question for FINRA Series-63 exam by Arlo3444 at Aug 3, 2025, 12:00:00 AM

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