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Federal Covered Advisors

Federal Covered Advisors

Who’s that hot chick over there in the sunglasses looking so free-and-easy? Her, oh, she’s a federal covered advisor. Wow, quick, tell me what that means?

That means that by the power invested in the National Securities Markets Improvement Act of 1996, she registers with the SEC, not the state. But she still has to file a Form ADV with the state and note that she is choosing to register with the SEC.

She doesn’t have to register with the state? What, she must be cool. I’m gonna get her digi...

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