Series 63 practice questioneasyNotice Filing
Which of the following is a requirement for a federal covered adviser doing business in a state?
- AState registration
- BNotice filing with the state✓ Correct answer
- CNo filings or fees to the state
- DAppointment of agents for service of process in each state
Explanation
Why B — Notice filing with the state
Federal covered advisers are not registered in the state but may be required to submit a notice filing and pay fees (USA Sec. 405). A is incorrect (no state registration), C is incorrect (notice/fee may be required), and D is not a specific requirement under the USA for federal covered advisers.
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