Exercise
Answer True or False
- 1. True or false. Partners, officers, and directors of an investment adviser are required to register as IARs only if they regularly give investment advice.
- 2. True or false. IARs who work for federal covered investment advisers register at the federal level.
- 3. True or false. IARs are not subject to net capital requirements.
- 4. True or false. IARs are subject to most of the same post-registration requirements as the firms for which they work.
- 5. True or false. IARs in some cases are responsible for notifying a state administrator in the case of their termination.
Answers
- 1. False. Partners, officers, and directors of an IA are automatica
