SIE Exam Question 897: Answer and Explanation

Question: 897

Which of the following is correct regarding IAR registration?

• A. Individual registrations can be administered at the state level or federal level, depending on where the RIA firm is registered.
• B. All individual registrations are administered at the federal level, regardless of whether the RIA firm is registered at the SEC or state level.
• C. All individual registrations are administered at the state level, regardless of whether the RIA firm is registered at the SEC or state level.
• D. None of the above are correct.

Correct Answer: C

Explanation:

Regarding IAR registration, all individual registrations are administered at the state level, regardless of whether the RIA firm is registered at the SEC or state level.