NRS90.278. “Representative of an investment adviser” defined.

      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)