{"data":{"id":"us-va/21vac5-80-250","jurisdiction":"us-va","citation":"21VAC5-80-250","heading":"Employment of investment advisor representative by more than one investment advisor or federal covered advisor","body":"A. In accordance with § 13.1-504 C of the Act, an investment advisor representative (representative) may be employed by more than one investment advisor or federal covered advisor (employing advisor) if all of the following conditions are satisfied:\n\n1. Each employing advisor is under common ownership and control as defined in subsection B of this section.\n\n2. Each employing advisor is registered or has filed notice, as the case may be, in accordance with 21VAC5-80-10.\n\n3. The representative is registered in accordance with 21VAC5-80-70 by and on behalf of each employing advisor.\n\nB. The term \"common ownership and control\" as used in this section means possession of at least a 50% ownership interest in each employing advisor by the same individual.","path":["Title 21. Securities And Retail Franchising","Agency 5. State Corporation Commission, Division of Securities And Retail Franchising","Chapter 80. Investment Advisors","Part V. Miscellaneous"],"source_url":"https://law.lis.virginia.gov/admincode/title21/agency5/chapter80/section250/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:53:34Z","sha256":"3d17f00761afaf687d306cfa5a0334627237522df97606c90a5714d8b9de1a18","source_id":"us-va-vac","stale":false,"prev":"us-va/21vac5-80-240","next":"us-va/21vac5-80-260"},"notice":"GroundRules: Original legal text. Not legal advice."}