A solicitor does not need to register as an investment adviser or investment adviser representative if the solicitor:
10 Pa. Code § 302.071
The provisions of this §302.071 issued under section 202.C of the Department of Banking and Securities Code (71 P.S. § 733-202.C); section 609(a) of the Pennsylvania Securities Act of 1972 (70 P.S. § 1-609(a)); and section 9(b) of the Takeover Disclosure Law (70 P.S. § 79(b)).
This section cited in 10 Pa. Code § 404.012 (relating to cash payment for client solicitation).