Review Topics
Practice Exams
Buffalo can run up to 55 kilometers per hour. That's almost 35 mph, for our non-metric friends.


To Do List

Let's complicate things even moreā€”as if the 63 weren't tricky and convoluted enough.

How about investment advisors who meet the definition of an investment advisor but who don't have to register? These investment advisors are exempt.

If you're an investment adviser, you can get an exemption if you have no place of business in a state (remember the Canadian BDs?) and your only clients in the state are

  • investment companies as defined by the Investment Company Act of 1940
  • other investment a...

Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

Next: Federal Covered Advisors  
  Prev: Investment Advisors: What They're Not

*Securities is a registered trademark of the College Board, which was not involved in the production of, and does not endorse this product.