FINRA Series 63 (NASAA)

Category - Series 63

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Ms. Muffet is employed by Spyder Broker-Dealers. Her job duties include providing price quotes and executing purchases and sales for the firm’s clients. She is paid a salary plus commission. Ms. Muffet is

a broker-dealer.
an agent.
an investment adviser.
an investment adviser representative.

Explanation

Answer: B - As an employee of Spyder Broker-Dealers who executes trades for clients, Ms. Muffet is an agent who works for the broker-dealer Spyder. She does not provide investment advice for a fee, so she is neither an investment adviser nor an investment adviser representative.

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FINRA Series 63 (NASAA)

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FINRA Series 63 (NASAA)

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