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He didn’t and accredited investors usually don’t care if you are SEC registered. Series exams are mostly intended to prevent boiler rooms preying on Grandma’s account and completely unskilled advisors, not hedge fund blowups in the hundreds of millions.

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(Syntactic ambiguity resolution: investors VERY MUCH do care that you are SEC/FINRA registered, once that box is checked they generally don’t about like series exams or state registration or whatever)

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