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.

Contemporary Auditing

11th Edition

ISBN:9781337650380

Author:KNAPP

Publisher:KNAPP

Chapter4: Ethical Responsibilities Of Accountants

Section4.6: Arvel Smart, Accounting Major

Problem 2Q

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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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