Series 63 practice questioneasyNotice Filing for Federal Covered Advisers
A federal covered adviser doing business in State Z must generally:
- ASubmit a notice filing and pay fees to State Z✓ Correct answer
- BRegister as a state investment adviser
- CRegister only its representatives in State Z
- DSubmit quarterly financial statements to State Z
Explanation
Why A — Submit a notice filing and pay fees to State Z
Federal covered advisers must submit a notice filing and pay a fee in any state where they do business (USA Section 405). State registration is not required for federal covered advisers.
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