Registration Status Explanation - IAPD can display various registration statuses for firms. They are listed in the table below.
Registration Status Description SEC State
Approved Adviser's registration is approved by SEC / state(s). X X
120-day Approval Adviser's registration is approved, subject to the conditions of the 120-day rule (Rule 203A- 2(d)). X  
*Conditional Restricted A registration status indicating that the firm is allowed to work in a restricted fashion, such as requirements for extra supervision.   X
*Limited A registration status indicating the firm is operating in a "limited" capacity, such as only being able to sell mutual funds.   X
*Suspended SEC / state(s) has suspended adviser's registration for a specified period of time. X X
Termination Requested A registration status prompted by an ADV-W filing.   X
Failure to Renew A registration status prompted by an IA that did not pay renewals fees.   X
Terminated Adviser's registration terminated by filing a Form ADV-W. X X
*Canceled SEC / state(s) cancel adviser's registration pursuant to cancellation order. X X
Revoked SEC / state(s) revokes adviser's registration. X X
* May not apply to all states.