Under the USA, registration as an IAR includes all of the following EXCEPT:

A. Minimum net capital
B. Passing a qualification exam
C. Filing a consent to service of process
D. Posting a surety bond

The correct answer is "A", since only an IA would need to prove minimum net capital requirements. The IAR may be required to pass an exam, file a consent to service of process and post a surety bond, however (an IA would fall under these same requirements as well).

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