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If a SEC registered investment adviser only has one access person, must the access person complete personal securities transaction and holdings reports?


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If a SEC registered investment adviser only has one access person, must the access person complete personal securities transaction and holdings reports?

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If a SEC registered investment adviser has only one access person, the access person is not required to submit personal securities transaction and holding reports to this same access person for approval; however, this investment adviser must maintain copies of all personal securities transaction and holding reports as required by the SEC’s rule.

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