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Series 63: Regulation of Investment Advisers
Series 63 practice questioneasyNotice Filing

Which of the following is a requirement for a federal covered adviser doing business in a state?

  1. AState registration
  2. BNotice filing with the state✓ Correct answer
  3. CNo filings or fees to the state
  4. DAppointment of agents for service of process in each state
Explanation

Why BNotice 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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