Series 63: Registration Exceptions

Taken from our Series 63 Online Guide

Registration Exceptions

IARs do not have to register in a state if they do not have an office in the state and they have five or fewer non-institutional clients in the state (the de minimis exemption).

Test Note: An investment adviser is responsible for supervising individuals who work for them as investment adviser representatives, even if the representatives a

Since you're reading about Series 63: Registration Exceptions, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 63
Please Enable Javascript
to view this content!