Under the Uniform Securities Act, an investment adviser may share in the profits of a client's account:

A. if the agreement provides for this in writing
B. if the Administrator approves
C. if the adviser agrees to share equally in any losses in the account
D. under no circumstances

D. under no circumstances

Explanation:

An investment adviser uses his investment knowledge to guide his client with respect to investing in stocks and other securities so as to maximize client's gain.

In return for his services, an investment adviser charges a certain fee from the clients.

As per the Uniform Securities Act, an investment adviser is prohibited from sharing the profits of the client which could be in the form of any dividend/interest receipts or capital appreciation.

Thus, under no circumstances, an investment adviser is permitted to share profits of the client.

answer; that person may have a larger tax bill to pay on income taxes;

answer; experimentation;