Bekah is an adviser for the company Vicoltech, which deals heavily in investments. Bekah also advises several other clients in her state, but no clients outside of her state. Before the Dodd-Frank Act was passed, Bekah was exempt from registration and reporting requirements with the SEC. When the Dodd-Frank Act was passed:

• Bekah was still exempt from the SEC's reporting requirements.
• Bekah was required to begin reporting information to the SEC.
• Bekah was required to register with the SEC, but not required to report information to the SEC.