Which of the following best describes Type 1 regulated activity?

• A. Dealing in securities
• B. Advising on securities
• C. Dealing in futures
• D. Leveraged FX trading

Answer: (A)

Type 1 regulated activity is about the actual execution of securities trades. It covers dealing in securities, meaning buying or selling securities for or on behalf of clients (or for the firm’s own account) through trading venues or in the market. This is an activity focused on carrying out transactions, not giving advice or analyzing markets.

That’s why it’s the best fit here: the other options describe different regulated activities. Advising on securities is a separate type that covers giving recommendations or analysis. Dealing in futures corresponds to a different type focused on futures contracts, and leveraged foreign exchange trading aligns with another type dedicated to FX with leverage.