Does an IAR I hire have to be US citizen?

Discussion in 'Professional Trading' started by bballboy8, Feb 18, 2022.

  1. 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?
  2. what is iar?
  3. Fonz


    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.