CTHRepealedAct
Securities Industry Act 1980
45Investment advisers
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##### 45 Investment advisers
A person shall not:
(a) carry on an investment advice business; or
(b) hold himself, herself or itself out to be an investment adviser;
unless the person is a licensee, a recognised licensee or an exempt investment adviser.
Penalty: $5,000 or imprisonment for 1 year, or both.