The Moon orbits the Earth, and the Earth orbits the Sun, and the Sun orbits the center of the Milky Way, which orbits within the Local Group, which is a part of the Virgo Supercluster. The motions of objects in the cosmos act like a set of Russian nesting dolls, with things orbiting things, which orbit other things.he Moon orbits the Earth, and the Earth orbits the Sun, and the Sun orbits the center of the Milky Way, which orbits within the Local Group, which is a part of the Virgo Supercluster. The motions of objects in the cosmos act like a set of Russian nesting dolls, with things orbiting things, which orbit other things.
The Securities and Exchange Commission (the Commission or SEC) regulates investment advisers, primarily under the Investment Advisers Act of 1940 (the Advisers Act), and the rules adopted under that statute (the rules).
Investment advisors provide financial advice to clients for a fee that is not tied to any other services, such as commissions on securities sales. They manage accounts and portfolios for clients. Advisors with solely a Series 65 license do not buy and sell securities themselves.