Chloe has her own office where she generates investment advice for companies. She is compensated for her advice. Which of the following is false? A. Chloe does not have to be a registered adviser if all of her clients are in the same state as her office. B. Chloe does not have to be a registered adviser if she doesn’t have authority to make investment choices for her clients.

Chloe has her own office where she generates investment advice for companies. She is compensated for her advice. Which of the following is false? A. Chloe does not have to be a registered adviser if all of her clients are in the same state as her office. B. Chloe does not have to be a registered adviser if she doesn’t have authority to make investment choices for her clients.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 73IIP

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Chloe has her own office where she generates investment advice for companies. She is compensated for her advice. Which of the following is false? Chloe does not have to be a registered adviser if she doesn’t have authority to make investment choices for her clients. Chloe does not have to be a registered adviser if all of her clients are in the same state as her office. Chloe does have to be a registered adviser even if she only advises for one company.
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