Series 63 practice questioneasyDefinition of IAR – Supervision
Under the USA, which of the following activities would cause a person to be classified as an investment adviser representative?
- AProviding clerical support to supervisors
- BSupervising employees who provide securities advice✓ Correct answer
- CFiling documentation with the SEC
- DMailing quarterly statements to clients
Explanation
Why B — Supervising employees who provide securities advice
Supervising employees who provide securities advice is specifically listed as an IAR function under the USA. Clerical work, filing, and mailing statements do not require IAR registration (USA Section 401(b)(2)).
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