Does an IAR I hire have to be US citizen?

B

bballboy8

Hello,

I am looking to hire an IAR that is not a US citizen. Anyone can take the series 65, so I know he's already completed that. Therefore, am I able to register him under my firm or are there requirements about his citizenship and residency?
 
IAR: Investment Adviser Representative.

If he/she is a US resident, that is certainly easier for background check. Basically, same thing than RIAs (fingerprints,...)

Also if you have to register her / him at the SEC, even better (depending of AUM I think).
So, I don't see why you couldn't. I would ask your Lawyer, just in case, not for the citizenship requirement, but for the residency.
 
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