โ> Word games are distinctions without difference under the law.
Again you demonstrate you do not understand SEC law, which defines terms precisely and is supported by decades of legal enforcement.
Now you can continue to pretend you know things and waste your own time, but I am not willing for you to continue to waste my time.
Martin Armstrong is barred from advising. That means he can not directly or indirectly advise investment advisers, period.
When a investment adviser purchases "research" to buy or sell for their clients, that is accepting investment advice.
Accepting information to use in a advisory capacity from a person barred by the SEC is illegal and a breach of professional ethics.
End of story.