hard · Certified Financial Planner Professional Conduct
Ortega Wealth Management currently manages $106,000,000 in regulatory assets under management. The firm is currently registered with the three states in which it maintains offices.
Based on the registration thresholds in the Investment Advisers Act, which statement is correct regarding the firm's registration status?
- The firm must withdraw its state registrations and register with the SEC within 90 days.
- The firm is required to register with the SEC because it has exceeded the $100,000,000 threshold.
- The firm must remain state-registered because it has not yet reached the $110,000,000 mandatory SEC threshold.
- The firm may choose to remain state-registered or may voluntarily register with the SEC.
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