1. 'Representative of an investment adviser' means any person employed by or associated with an investment adviser who: (a) Provides advice concerning securities; (b) Manages accounts or portfolios of clients; (c) Determines the advice concerning securities that is offered to clients; (d) Solicits for the sale of investment advice, unless the person is a sales representative licensed pursuant to this chapter; (e) Sells, offers to sell or negotiates for the sale of investment advice; or (f) Supervises employees who engage in the activities described in paragraphs (a) to (e), inclusive. 2. The term does not include: (a) A broker-dealer; (b) An investment adviser; and (c) A person employed by or associated with an investment adviser who provides clerical or administrative services. (Added to NRS by 1995, 1441)
Nevada Legal Code