NRS 90.278
“Representative of an investment adviser” defined.


1.

“Representative of an investment adviser” means any person employed by or associated with an investment adviser who:

(a)

Provides advice concerning securities;

(b)

Manages accounts or portfolios of clients;

(c)

Determines the advice concerning securities that is offered to clients;

(d)

Solicits for the sale of investment advice, unless the person is a sales representative licensed pursuant to this chapter;

(e)

Sells, offers to sell or negotiates for the sale of investment advice; or

(f)

Supervises employees who engage in the activities described in paragraphs (a) to (e), inclusive.

2.

The term does not include:

(a)

A broker-dealer;

(b)

An investment adviser; and

(c)

A person employed by or associated with an investment adviser who provides clerical or administrative services.

Source: Section 90.278 — “Representative of an investment adviser” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-090.­html#NRS090Sec278.

Last Updated

Jun. 24, 2021

§ 90.278’s source at nv​.us