Which statement about the registration process is TRUE?

The registration process for investment advisors or funds typically includes a thorough review of an applicant's background and qualifications, which can include their employment history. Objections based on past employment history can occur if there are concerns regarding the applicant’s experience, conduct, or if they were previously associated with a firm that has faced regulatory issues. This statement reflects the reality that regulators take past employment into account to ensure that applicants possess the necessary integrity and competency to provide financial services.

The other choices do not accurately describe the nuances of the registration process. For instance, there isn't a set minimum investment amount required for registration; rather, the process is focused on the qualifications of the individual or entity applying. The registration is not always instant and automatic; it typically involves a detailed review and approval process that can take time. Furthermore, it is not guaranteed that all applications will be approved, even with sufficient credentials, as individual circumstances and adherence to various regulations come into play. Thus, the statement regarding objections due to past employment history is the most accurate representation of the registration process.