This sample letter is intended for use when an investment adviser representative is seeking permission from a state securities regulator for dual registration on a temporary basis as an investment adviser representative with both a new investment adviser firm and an old investment adviser firm.
Dual registration creates a risk of client confusion as to the investment adviser firm which is providing the service, and consequently, the dual investment adviser representative and each investment adviser firm must take steps to clarify the role of each party and properly identify the responsibilities/limitations of each party. Since not every state permits dual investment adviser representative registration, the user should first contact the licensing department of the state securities regulator. Certain states which allow dual registration of an investment adviser representative may have other forms that need to be completed or require additional representations in the letter.
Included with Gold and Platinum Packages. Initially posted in August 2017.
Client Letter – Assignment/Change of Ownership – Rep Starting New Firm, Dual IAR Registration During Transition, 60 Days’ Notice and Authorization to Release Client Information
Rep – Recruiting Practices – Checklist
Rep – Recruiting – New Firm Recommending Prospect Retain Attorney Before Affiliating
Recorded Webinar : Solutions and Answers to Form U4 and Form U5 Challenges
Recorded Webinar : Investment Adviser Compliance for RIAs with Representatives Dually Licensed with a Broker-Dealer
Form U4 FAQs
Series 65 Examinations
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