Investment Adviser Representatives Flashcards
Regulation of Investment Adviser Representatives
1
Q
Who is an investment adviser representative (IAR)?
A
Any employee of an investment adviser except for clerical employees
2
Q
Is an IAR included in the definition of an IA?
per the USA
A
No
3
Q
Can an IAR applicant be insolvent?
A
No
IARs don’t post bonds like Agents do. So, insolvency can result is a denial of the application.
