Series 63 practice questioneasyRegistration of IARs in Multiple States
An IAR employed by an investment adviser with clients in multiple states must register as an IAR in which states?
- AOnly in the state where the adviser is headquartered
- BIn every state where the IAR has a place of business✓ Correct answer
- COnly in the state of the IAR's residence
- DIn all fifty states
Explanation
Why B — In every state where the IAR has a place of business
IARs must register in every state where they maintain a place of business, not necessarily in every state where they have clients or all 50 states (USA Section 404).
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