Series 63 practice questionmediumDual Registration of IARs
Can an individual simultaneously represent two unaffiliated investment advisers as an IAR under the USA?
- AYes, if both advisers are federally covered
- BOnly with Administrator approval✓ Correct answer
- CYes, without restriction
- DNo, dual registration is prohibited
Explanation
Why B — Only with Administrator approval
Dual registration with unaffiliated advisers is not permitted unless specifically authorized by the Administrator. There is no automatic allowance (USA Section 404).
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