### Question
What does foreign private adviser mean?


### Answer
**Foreign private adviser** has the following meaning in *15 U.S.C. § 80b*:

> any investment adviser who—


(A) has no place of business in the United States

#### Citation:
  - *15 U.S.C. § 80b*
  - Heading: **CHAPTER 2D-INVESTMENT COMPANIES AND ADVISERS > SUBCHAPTER II-INVESTMENT ADVISERS**

