in Indiana must register with either the Indiana Secretary of State. See Sections 47 of this handbook for descriptions of the eIAR system. SSA will pay the State using the eIAR system. Statutory References for Registration: S.C. There is no requirement that the business consist solely of providing investment. To participate in the IAR program a State must have an IAR agreement with SSA and a written authorization from the individual allowing SSA to reimburse the State from the individual’s SSI retroactive payment. Notice filing is also required if the firm is not physically located in South Carolina, but the firm has more than five clients that reside in South Carolina.Īll investment adviser representatives that have a place of business in South Carolina and are employed by a federally registered investment adviser must register with the Division. Investment Adviser Registration Instructions/Checklist Notice Filing of Investment Advisersįederally registered investment advisers must notice file with the Division if the company has a physical presence in this state. For more information, please see Order 19003. The term “investment adviser” includes financial planners and firms or individuals that advertise, hold themselves out as or otherwise act as investment advisers or financial planners.Īn investment advisor without a place of business in South Carolina and not more than five clients in the state during the previous twelve months is not required to register.Ĭertain advisers to private funds may be exempt from the registration requirements. Investment advisers, financial planners and their representatives doing business in South Carolina must register or notice file with the Securities Division
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