Federal Covered Investment Adviser in the United States
Definition of Federal Covered Investment Adviser in the Uniform Securities Act (2002)
“Federal covered investment adviser” means a person registered under the Investment Advisers Act of 1940.
In the Context of the Consumer Financial Protection law
A “Covered person[s]” include “(A) any person that engages in offering or providing a consumer
financial product or service; and (B) any affiliate of a person described [in (A)] if such affiliate acts as
a service provider to such person.” 12 U.S.C. § 5481(6)