Question of the Week

Under the Uniform Securities Act, the registration of an investment adviser results in automatic registration of any investment adviser representative who is a:

a) Solicitor of the investment adviser
b) Partner of the investment adviser
c) Sales representative of the investment adviser
d) Administrative employee of the investment adviser


Answer:

The correct answer is b.

Clerical employees do not need to be registered as investment adviser representatives, while solicitors, sales representatives and other employees who give investment advice must so register. However, any directors, partners or officers named in the investment adviser’s registration application are automatically registered as investment adviser representatives.

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