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Can a solicitor provide investment advice to a client about a security and/or the securities market?


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If a solicitor is not registered as an investment adviser or investment adviser representative with the applicable securities regulators, then the solicitor may not provide invest advice about a security or the securities market to a prospective or existing client. Moreover, an unregistered solicitor cannot provide advice to a client regarding a client’s investment objective or an investment adviser’s investment strategy or performance.

A solicitor that is registered as an investment adviser or investment adviser representative can provide advice about a security and/or the securities market to a prospective or existing client.

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