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Pennsylvania Code (Last Updated: April 5, 2016) |
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Title 10. BANKING AND SECURITIES |
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PART VII. Securities |
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Subpart C. Registration of Broker-Dealers, Agents, Investment Advisers and Investment Adviser Representatives and Notice Filings by Federally-Covered Advisers |
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Chapter 301. Registration Requirement |
Section 301.020. Agent transfers
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An agent who wishes to terminate employment with one registered broker-dealer and thereafter commence employment with another registered broker-dealer may do so without causing a suspension in the agent’s registration with the Commission if all of the following conditions are met:
(1) Both the terminating and employing broker-dealers are members of the National Association of Securities Dealers, Inc.
(2) The transfer is effected in accordance with the terms, conditions and execution of Item 15 of the Uniform Application for Securities Industry Registration or Transfer (Form U-4).
The provisions of this § 301.020 adopted October 26, 1984, effective October 27, 1984, 14 Pa.B. 3909; amended December 28, 2001, effective December 29, 2001, 31 Pa.B. 7032; transferred and renumbered from 64 Pa. Code § 301.020, December 14, 2012, effective December 15, 2012, 42 Pa.B. 7533. Immediately preceding text appears at serial pages (315083) to (315084).
Notation
The provisions of this § 301.020 amended under sections 301(b) and 609(a) of the Pennsylvania Securities Act of 1972 (70 P. S. § § 1-301(b) and 1-609(a)).