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A stock broker or financial consultant: Sells money orders and certified checks Gives financial advice to clients C Guarantee a return on investment

Question

A stock broker or financial consultant:
Sells money orders and certified checks
Gives financial advice to clients
C
Guarantee a return on investment

A stock broker or financial consultant: Sells money orders and certified checks Gives financial advice to clients C Guarantee a return on investment

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ArabellaVeteran · Tutor for 9 years

Answer

<p>(1) Gives financial advice to clients</p>

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<p> The question is providing a few propositions and is asking about the role of a stock broker or financial consultant. <br /><br />Starting with the first proposition "(1) Gives financial advice to clients", this is absolutely true. The primary role of a financial advisor or stock broker is to provide clients with financial advice, guiding them on investment decisions, budgeting, and financial planning.<br /><br />Regarding the second proposition "Sells money orders and certified checks", it's not typically true. The principal function of a stock broker or financial consultant doesn't usually incorporate this. These functions are typically carried out by bank tellers or customer service representatives in banks. <br /><br />The next proposition says "Guarantee a return on investment". This is false. No reputable financial advisor or stock broker can or ought to guarantee a return on investment because investments are inherently risky, and returns are subject to various market factors outside of anyone’s control.<br /><br />Lastly, the assertion "Do not have to be licensed" is false. To practice as a stock broker or a financial advisor, one must acquire proper qualifications and licenses depending on their region, which is supervised by financial regulatory bodies such as the Financial Industry Regulatory Authority (FINRA) in the United States.</p>
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