Unit 2 Flashcards
1
Q
IAR exclusions state
A
clerical/admin
impersonal investment advise
research analysts if no advisory
2
Q
IAR exemptions
A
no place of business
AND fewer than 6
snowbird
FED(covered) IAR(only register in state where IAR they have office)
3
Q
IAR registation process
A
u4
disclose if arrested, convicted, for any securities misdemeanor or felony(no time limit)
OFFICER DIRECTOR PARTNER AUTO registered
registration effective 30 days
4
Q
Termination procedures
A
state IAR- IA notifies admin
FEd IAR -IAR notifies admin
administrator has jurisdiction for 1 year after termination
5
Q
financial requirements and recordkeeping for IAR
A
no
