An individual acting as a sole proprietor who meets the definitions of investment adviser in Section 35-1-102(15) of the Act, and investment adviser representative in Section 35-1-102(16) of the Act, must register in South Carolina as both an investment adviser and an investment adviser representative.

HISTORY: Added by State Register Volume 39, Issue No. 6, Doc. No. 4525, eff June 26, 2015.