SIE Exam Question 608: Answer and Explanation

Question: 608

Which of the following is a person who, for compensation, makes recommendations regarding securities, manages client accounts, and determines which advice regarding securities should be given?

• A. ADV
• B. CRD
• C. IAR
• D. IARD

Correct Answer: C

Explanation:

An IAR (investment adviser representative) is a person who, for compensation, makes recommendations regarding securities, manages client accounts, and determines which advice regarding securities should be given.