18 NCAC 06A .1409          TRANSFER OF SALESMAN'S REGISTRATION

(a)  In order to effect a transfer of registration of a salesman from one registered dealer (the "previous dealer") to another registered dealer (the "new dealer"), the administrator shall be provided the following information:

(1)           Within 10 days, a Uniform Termination Notice for Securities Industry Registration (Form U‑5) is to be provided by the previous dealer pursuant to the requirements of Rule .1408 of this Section;

(2)           Uniform Application for Securities and Commodities Industry Representative (Form U‑4) is to be provided by the new dealer, accompanied by a fee of fifty-five dollars ($55.00) for issuance of the new registration, pursuant to the requirements of Rule .1402 of this Section.

(b)  Every registration of a salesman expires when the employment of the salesman terminates until that salesman's registration with a new dealer has been approved.

History Note:        Legislative Objection Lodged Eff. February 1, 1983;

Authority G.S. 78A‑36(b); 78A‑49(a);

Eff. April 1, 1981;

Amended Eff. November 1, 1982;

Curative Amended Eff. February 1, 1983;

Amended Eff. September 1, 1995; October 1, 1988; January 1, 1984.