Larry Nelson has sold life insurance to many clients over the past eight years, receiving commissions on the sales. He has decided to broaden the scope of his practice to include investment and tax planning advice, but will limit the investment products he sells to xed and variable annuities and variable life insurance. He plans to include the phrase "Tax and Investment Planning" on his business cards and anticipates charging a separate fee for his nancial advice. Larry is registered with the SEC as an investment adviser. Does he have to also licensed by FINRA? Select one: a. No, because he sells only insurance products b. No, because he is already registered with the SEC which supervises FINRA c. Yes, because he plans to sell variable annuities and variable life insurance d. Yes, because he plans to charge fees for advice e. Yes, because he holds himself out to the public as a financial adviser