California Corporations Code

§ 25009.5

CORP § 25009.5 Effective Jan 1, 1998Div. 1 · Title 4 · Part 1

Statute text

(a)“Investment adviser representative” or “associated person of an investment adviser” means any partner, officer, director of (or a person occupying a similar status or performing similar functions) or other individual, except clerical or ministerial personnel, who is employed by or associated with, or subject to the supervision and control of, an investment adviser that has obtained a certificate or that is required to obtain a certificate under this law, and who does any of the following:

(1)Makes any recommendations or otherwise renders advice regarding securities.

(2)Manages accounts or portfolios of clients.

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Legislative history

Added by Stats. 1997, Ch. 391, Sec. 2. Effective January 1, 1998.