Miller, CPA, received a phone call from Joe, a tax client, who just received a $ distribution from the estate of his Joe asked Miller for advice concerning what to do with the money. Miller reviewed with Joe various investment options, his risk tolerance, the tax consequences of several potential investments, and ultimately decided that Joe\'s best course of action would be to consult with Mr Nasdaq, a registered investment adviser RIA If Miller refers Joe to Mr Nasdaq, may she accept a commission from Mr Nasdaq, assuming all required disclosures are made to Joe? No since Joe is a tax client. No because commissions are not allowed in California. Yes, this arrangement is acceptable. No because Miller was not the actual seller of the investments.

Answer rating: 100% (QA)

Answer No Miller cannot accept a commission from Mr Nasd... View the full answer