Series 63 practice questionmediumExclusions – Administrative Staff
Which of the following activities would NOT require IAR registration?
- AProviding research reports to investment adviser representatives✓ Correct answer
- BSupervising employees who provide investment advice
- CSoliciting advisory clients for compensation
- DGiving securities advice to clients for a fee
Explanation
Why A — Providing research reports to investment adviser representatives
Providing research to IARs is not a covered activity under the IAR definition. Supervising, soliciting, and providing advice require registration (USA Section 401(b)).
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