Series 63 practice questioneasyPublisher Exclusion
Which of the following meets the publisher exclusion under the USA?
- AA newsletter publisher who tailors content to individual subscribers
- BA publisher of a general financial magazine not responding to individual situations✓ Correct answer
- CA website offering buy and sell advice based on user profiles
- DA financial blog giving investment advice for a fee
Explanation
Why B — A publisher of a general financial magazine not responding to individual situations
General, bona fide publications of general and regular circulation (B) are excluded. The others target individuals or charge fees for tailored advice and do not meet the exclusion (Section 401(c)).
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