Or. Admin. Code § 441-175-0046

Current through Register Vol. 63, No. 10, October 1, 2024

Section 441-175-0046 - Federal Covered Investment Advisor Representative

For purposes of ORS 59.015(8)(a)(B), the term "Investment Advisor Representative" who is employed by or associated with a federal covered investment advisor only includes an individual who has a "place of business," as that term is defined in rules or regulations promulgated under Section 203A of the Investment Advisors Act of 1940 by the U.S. Securities and Exchange Commission, in Oregon, and who either:

(1) Is an Investment Advisor Representative" as that term is defined in rules or regulations promulgated under Section 203A of the Investment Advisors Act of 1940 by the U.S. Securities and Exchange Commission; or

(2)

(a) Is not a "supervised person" as that term is defined in rules or regulations promulgated under the Investment Advisor Act of 1940 by the U.S. Securities and Exchange Commission; and

(b) Solicits, offers or negotiates for the sale of or sells investment advisory services on behalf of a federal covered investment advisor.

Or. Admin. Code § 441-175-0046

FCS 2-1999, f. & cert. ef. 11-8-99; FSR 1-2016, f. & cert. ef. 3/7/2016

Stat. Auth.: ORS 59.285

Stats. Implemented: ORS 59.175