Q:

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

A:
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.

RELATED FAQS

  1. If I have only a limited amount of time to study for the Series 6, what should I ...

    Learn what to focus on when studying for the Series 6 while reviewing important aspects of the exam, including its content ...
  2. What role does the 'chip cycle' play in the electronics sector?

    Read about some of the best and most popular test prep classes for the Series 6 FINRA securities licensing exam, including ...
  3. What does passing the Series 6 enable me to do?

    Learn more about the Series 6, what the examination and license are and what the license enables an individual to buy, sell ...
  4. What are the differences between the Series 6 exam and the Series 7 exam?

    Learn about the regulatory exams needed to become a limited or registered representative and the main differences between ...
RELATED TERMS
  1. Series 79

    A examination to ensure a candidate is qualified to become a ...
  2. Research Analyst

    A person who prepares investigative reports on equity securities. ...
  3. Series 34

    An exam required for individuals seeking to engage in off-exchange ...
  4. Financial Advisor

    One who provides financial advice or guidance to customers for ...
  5. Series 23

    An exam offered by the Financial Industry Regulatory Authority ...
  6. Series 28

    An exam given by the Financial Industry Regulatory Authority ...

You May Also Like

Related Articles
  1. Professionals

    Top Strategies on How to Become a Stock ...

  2. Professionals

    Should You Add A Securities License ...

Trading Center