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Statement of Policy
Automatic Registration of Partners, Officers and Directors of Investment
Advisers Inquiries have been received from Investment Advisers regarding the
automatic registration of Partners, Officers or Directors of an Investment
Adviser as representatives of a Registered Investment Adviser.
It is the general policy of the Commissioner to grant such automatic
registration only to the top three (3) Partners, Officers or Directors
designated by the Investment Adviser.
The Commissioner requires individual representative registration of all other
Partners, Officers or Directors who fall within the definition of Investment
Adviser Representative.
It should be further noted that any person relying upon automatic registration
must have the qualifying examinations or waiver under Rule 13.01.
Entered this 21st day of December, 1999
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