LAC 10:XIII.1301
LAC 10:XIII.1301. Definitions
Cite as La. Admin. Code tit. 10, pt. XIII, § 1301
Third-Party Solicitoran investment adviser representative who meets all of the following criteria:
1. investment advisory business consists solely of referring individuals to other investment adviser firm(s);
2. provides no advice to individuals regarding specific investments;
3. fees consist entirely of referral fees received from the investment adviser firms to whom the investment adviser representative makes referrals.