Question

If an investment adviser representative transacting business in a state terminates employment with a state registered investment adviser, which of the following statements is TRUE?

A) The representative must notify the Administrator promptly.
B) Both the representative and the investment adviser must notify the Administrator promptly.
C) The representative must notify the Administrator within 30 days.
D) The investment adviser must notify the Administrator promptly.

Answer 1

B

Step-by-step explanation:

If an investment adviser representative transacting business in a state terminates employment with a state registered investment adviser, both the representative and the investment adviser must notify the Administrator promptly.