Which is the Type 9 regulated activity?

• A. Advising on futures
• B. Asset Management
• C. Securities margin financing
• D. Providing credit rating services

Answer: (B)

Asset management involves actively handling a client’s investments, including deciding which securities to buy or sell and when to rebalance the portfolio on behalf of the client, typically for a fee. This is what Type 9 covers, the ongoing management of investments for others.

Advising on futures is a separate activity focused on giving recommendations about futures contracts, not actually managing a portfolio. Securities margin financing is about lending to clients to buy securities, which is a financing activity. Providing credit rating services isn’t categorized as a Type 9 asset-management activity.

So, asset management is the Type 9 regulated activity.