Individual requirements
- - Investment adviser representatives may require state registration depending on facts
- - Broker-dealer registered representatives require firm sponsorship, CRD filing, exams, and registration
- - Chief compliance officer and supervised person controls are central for adviser models
- - Supervision and qualification exams matter for FINRA member firms
People evidence to prepare
- - Role description matched to regulated activities and reporting lines.
- - CV, regulatory history, disciplinary disclosures, exams, and competence evidence.
- - Authority, time commitment, location, backup, and conflict notes.
- - Supervision map showing how the individual controls or escalates regulated work.
- - Public-register verification plan after approval or appointment.
Common bottlenecks
- - Broker-dealer issues hidden inside compensation, solicitation, placement, or transaction workflows
- - Custody, private fund audit, and fee deduction arrangements not fully analysed
- - Form ADV and brochure language that does not match real operations
- - FINRA NMA materials that are not substantially complete or lack operational evidence