Financial advisors includes people who present themselves as

投资顾问包括那些
offering advice to individuals and also includes analysts.

为个人提供建议的人以及分析师
These are regulated and there's something called

这种行为是受监管的
the National Securities Markets Improvement Act of 1996 that says

1996年全美证券市场促进法规定
that all financial advisors with less than twenty-five million

管理资产少于2500万美元的投资顾问
under management must register with their state regulator and

必须在州属立法者处注册登记
if it's greater than thirty million, they must register with the SEC in

如果大于三千万则必须在
Washington--Securities and Exchange Commission.

位于华盛顿的美国证券交易委员会登记
If it's between, they can choose either one.

如果介于两者之间则可任选其一
They're all regulated and the government wants to be sure that

政府对投资顾问进行监管并希望确保
financial advisors are--know what good practice is and

他们了解正确的业务操作流程
so that means they have to take an exam.

这就意味着他们必须参加考试