Series 63 practice questionmediumIAR Registration Process
What form is typically used by an individual to apply for registration as an investment adviser representative under the USA?
- AForm ADV
- BForm U4✓ Correct answer
- CForm BD
- DForm U5
Explanation
Why B — Form U4
Form U4 is the standard form for individual registration as an IAR. Form ADV is for investment advisers, Form BD is for broker-dealers, and Form U5 is for termination (USA Section 404, NASAA guidelines).
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