Take the following as truth: The final rule, which was issued simultaneously with six other rules relating to the amendment of the Investment Advisers Act by the National Securities Markets Improvement Act of 1996, particularly title III, the Investment Adviser Supervision Coordination Act, exempts four types of advisers from the prohibition on SEC registration.
Then the following statement: "SEC registration exempts 4 types of advisers." is true, false, or inconclusive?
Answer: False