Under the investment advisers act of 1940, which of the following statements is true? an investment adviser is defined as a person who gives advice about
stocks in an index fund and receives compensation for this advice

Under the Investment Advisers Act of 1940, which of the following statements is TRUE? An investment adviser is defined as a person who gives advice about:

A. real estate and receives compensation for this advice

B. futures investments but receives no special compensation for this advice

C. securities but does not charge a fee

D. stocks in an index fund and receives compensation for this advice

D. stocks in an index fund and receives compensation for this advice

Explanation:

Both the Investment Advisers Act and the Investment Company Act were passed in 1940to protect consumers against fraudulent investment advice. The Investment Advisers Act specifies that anyone giving advice on securities is considered an advisor. Furthermore, there are three criteria on who can be considered an adviser: the kind of advice they offer, how they get paid for it, and whether or not it´s the advisor's primary professional function).

1.) irish.

2.) settlers could obtain cheap land nearby

3.) steam engine

explanation: