Series 63: Disciplinary Action Against An IAR

Disciplinary Action against an IAR

As with investment advisers, lifetime registration as an investment adviser representative is by no means guaranteed after someone is initially approved. State approval as an IAR terminates on December 31 of each year. If not properly renewed, an IAR’s registration is revoked. For a full list of reasons registration can be terminated, please see “Termination of an Investment Adviser Registration”. However, for IARs, there is one exception: in the ca