NRS 90.278 “Representative of an investment adviser” defined.
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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.