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NEW QUESTION: 1
Rich Writewell wants to begin publishing an independent weekly financial newsletter that will provide
investment recommendations as well as other financial news items to the general public. Rich hopes that
his newsletter will achieve nationwide circulation within a few months. Which of the following statements
is true?
A. Rich will not have to register as an investment adviser since he is publishing a legitimate financial
newsletter for distribution to the general public.
B. Rich may be exempt from registering as an investment adviser if he is a lawyer,accountant, engineer,
or teacher. Otherwise, he will have to register.
C. Rich will have to register as an investment adviser since his publication will include investment
recommendations
D. Rich will have to register as an investment adviser only if he sells this newsletter to the public.If the
publication is to be distributed free of charge, he will not have to register.
Answer: A
Explanation:
Rich will not have to register as an investment adviser since he is publishing a legitimate
financial newsletter that will be distributed to the general public. The definition of the term "investment
adviser" excludes publishers of bona fide business or financial publications that are published regularly
and have general circulation.

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