Rule 1-14-5.07 - Change of Material Information; Amendments The Division must be notified within thirty (30) days whenever the information contained in any application or amendment for registration as a broker-dealer and/or agent changes in a material way or is or becomes inaccurate or incomplete in any respect. All amendments for FINRA-member broker-dealers and agents shall be filed through the CRD. Amendments for non-FINRA-member broker-dealers and agents shall be submitted directly to the Division. Events requiring notice shall include, but are not limited to, the following:
A. A change in ownership, management, form of organization or state of organization, or incorporation or control of a broker-dealer;B. A change in any of the broker-dealer's officers, partners, or controlling persons;C. The establishment or change in location or mailing address of any office in this state;D. A change in the name of a broker-dealer;E. If applicable, any necessary modifications to ensure compliance with Subsection (B)(2) of Rule 5.01;F. A change in type of entity, general plan, character of business, method of operation, or type of securities in which dealing or trading is being effected;G. Termination of business or discontinuance of activities as a broker-dealer; andH. The naming of a broker-dealer, principal, officer, and/or agent as a defendant or respondent in one or more of the following instances:1. Criminal allegations involving securities or any aspect of the securities business, or any felony.2. Civil allegations involving a security, any aspect of the securities business, any activity alleging a breach of a fiduciary trust, or fraud.3. Administrative allegations involving a security, any aspect of the securities business, any activity alleging a breach of a fiduciary trust, or fraud.4. Arbitration proceedings with allegations involving a security, any aspect of the securities business, any activity alleging a breach of a fiduciary trust, or fraud.5. Any proceeding in which an adverse decision could result in:a. A denial, suspension, or revocation, or the equivalent of those terms, of a license, permit, registration, or charter;b. The imposition of a fine or other penalty; orc. An expulsion or barring from membership in an association or organization.6. Judgments, liens, and bankruptcy filing proceedings.Miss. Code Ann. § 75-71-407 (2020).