Registration of Advisers, BDs, and Representatives
Free NASAA Series 65 (Uniform Investment Adviser Law Examination) lesson in Laws, Regulations, and Guidelines. 23 min read, ~3,379 words.
Investment adviser = advice + business + compensation (all three required). State registration for IAs under $100M AUM; SEC registration mandatory at $110M. Broker-dealer = effects transactions for others; banks and issuers are excluded. Agent = individual representing a BD or issuer; the firm is never an "agent". IAR =...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- D30
- D31
- D32
- D33
- D34
- D35
- D36
- D37
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