Section 26-B246. INITIAL AND RENEWAL REGISTRATION AS ISSUER AGENT

 

246.1An applicant for initial registration as an issuer agent shall file with the Commissioner:

 

(a)An application upon Form U-4 (Uniform Application for Securities Industry Registration or Transfer);

 

(b)A statement or certificate demonstrating that the applicant has satisfied the examination requirement of section 246.2 of the regulation; and

 

(c)A fee provided in § 249.9.

 

246.2An application for initial registration as an issuer agent shall have passed, with a score of 70 percent or better, the series 63 examination and either the Series 6 or Series 7 examination administered by the NASD unless:

 

(a)The applicant exclusively engages in the purchase and sale of securities in connection with offerings that are exempt under section 401 of the Act or transactions that are exempt under section 402 of the Act; or

 

(b)The Commissioner in his discretion waives the examination requirement.

 

246.3An applicant for renewal registration as an issuer agent shall file with the Commissioner:

 

(a)An application on the form as required by the Commissioner; and

 

(b)A renewal fee as provided in § 249.9.

 

source

Amended by Emergency Rulemaking published at 47 DCR 9910 (December 15, 2000) [EXPIRED]; as amended by Emergency Rulemaking published at 48 DCR 1987 (March 2, 2001) [EXPIRED]; as amended by Emergency and Proposed Rulemaking published at 48 DCR 3952 (May 4, 2001) [EXPIRED]; as amended by Emergency and Proposed Rulemaking published at 48 DCR 9177 (October 5, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 10879 (November 30, 2001).