Section 710 IAC 4-8-1 - Licensure; dual registrationAuthority: IC 23-19-6-5
Affected: IC 23-19-4
Sec. 1.
(a) The broker-dealer or issuer with whom an agent is employed must certify on the agent's application that the applicant is in all respects qualified to be licensed.(b) An agent of an issuer may sell only those securities that are actually issued by that issuer. He or she may not take securities in trade except as provided in the prospectus.(c) An agent of a broker-dealer may buy and sell only the securities being bought and sold for and through that broker-dealer. He or she may not buy and sell securities without acting through the broker-dealer with whom he or she is licensed.(d) No person may register as an agent of more than one (1) broker-dealer unless the written consent of each the brokerdealer to the dual registration is filed with the commissioner.(e) The commissioner may designate a central depository for filing of applications and renewals by agents of broker-dealers who are members of a national securities association. Securities Division; 710 IAC 4-8-1; filed Jun 28, 2010, 2:36 p.m.: 20100728-IR-710100044FRAReadopted filed 5/12/2016, 1:47 p.m.: 20160608-IR-710160136RFAReadopted filed 11/30/2022, 4:01 p.m.: 20221228-IR-710220301RFA