Who qualifies as an Unregistered Staff member?

Who qualifies as an Unregistered Staff member?

• A. Individuals who provide investment advice
• B. Individuals who hold no form of registration
• C. Individuals licensed to trade securities
• D. Individuals managing investment portfolios

Answer: (B)

An Unregistered Staff member is defined as individuals who hold no form of registration with a regulatory authority, such as a securities commission. These individuals do not possess the necessary qualifications, licenses, or registrations that are required to engage in activities regulated by financial authorities. By virtue of lacking registration, these staff members are not recognized as formally qualified professionals in the context of financial services.

In contrast, individuals who provide investment advice, manage investment portfolios, or are licensed to trade securities are all engaged in activities that typically require some form of registration or licensure. These roles carry specific regulatory obligations and standards aimed at protecting investors and ensuring market integrity. Consequently, they do not qualify as Unregistered Staff members since they hold the necessary credentials that the term "unregistered" explicitly indicates are absent.