When Must an FCA Register its Investment Adviser Agents With Connecticut?
Whether an FCA must register its investment adviser agents in Connecticut turns on an interpretation of federal law. While the department will not opine on whether a specific individual qualifies, the following summary provides general guidance. Investment adviser agent registration procedures can be found on the department’s web site. Section 36b-3(11) of the Connecticut Uniform Securities Act defines the term “investment adviser agent” as follows. “Investment adviser agents”, as defined by state law, must be registered with the Connecticut Department of Banking. (A) ‘Investment adviser agent’ includes (i) any individual, including an officer, partner or director of an investment adviser, or an individual occupying a similar status or performing similar functions, employed, appointed or authorized by or associated with an investment adviser to solicit business from any person for such investment adviser, within or from this state, and who receives compensation or other remuneration, d
