Persons exemptions/exclusions

ABIIS

Agent, Bank, Issuer, Institution, Snowbird exception

What are broker dealer exemptions

ABIIS

What are broker dealer exclusions

CIF

CIF

Canadian, Intrastate, Foreign

Why is broker dealer registration special

All federal registration + state registration even if 1 client

Agents state exemptions that work with broker dealer

CSDN

CSDN

Clerical roles, snow bird exception, different state, Non sales officers w/ zero trade commission

Agents that work with issuers

GMBCE

GMBCE

Government, Municipal, Banks, Commercial paper, Employee benefit programs

What happens when a Federal IA has a physical office in a state?

No need to register but files Notice filing

Investment Adviser State exmeptions

IDS

IDS

Institutional customers only, de minimis, snowbird exception

Investment adviser Federal Exemptions

IIFV

IIFV

Intrastate, Insurance companies only, Foreign private advisers, venture capital

What persons is the only one exempt from insurance companies

Insurance advisers

Investment advisers Exclusions

FIA

FIA

Federal Covered ADvisers, IARs, Administration rules

Investment Adviser Federal Exclusions

UNFH

UNFH

US banks, National Statistics, Famil Offices, Bank holding companies

Investment Adviser both state & federal exemption

LATE BDSM

LATE BDSM

Lawyer, Accountant, TEacher, Engineer, Broker dealer/agent, US banks, savings, trust companies, and media(as long as general)

How are US banks or LATE forced to register?

Specific advice + commission

IAR Exemptions

Vacation, Institutional clients, De minimis