Laws & RegulationsQuestion 94 of 110
An investment adviser representative who moves to a new advisory firm must generally do which of the following?
a.Nothing; registration follows the individual automatically nationwide
b.Notify or re-register through the appropriate regulator, as the registration is tied to the association with a specific firm
c.Register only if the new firm is in a different state
d.Wait one year before advising any clients
Explanation
An IAR's registration is tied to association with a particular investment adviser, so moving firms generally requires updating or re-establishing registration through the appropriate regulator. Both the departing and hiring firms typically have notice obligations. Registration does not automatically transfer with the individual.
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