N.J. Admin. Code § 13:47A-1.14

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:47A-1.14 - Supervision

(a) Every registered broker-dealer must employ at its principal office and at each office of supervisory jurisdiction (OSJ) in this State at least one person designated to act in a supervisory capacity who is registered as an agent in this State, is located in this State, and has satisfied the supervisory examination requirements of FINRA.

(b) For any other office in this State not designated as an OSJ, a supervisor must be designated to supervise the office. The designated supervisor shall be registered in this State as an agent and satisfy the supervisory examination requirements of FINRA, but shall not be required to be located in this State.

(c) Failure to comply with this section for more than 30 days may be deemed a failure to reasonably supervise and may result in the revocation or suspension of the registered broker-dealer's registration until such time as the broker-dealer comes into compliance with this section.

N.J. Admin. Code § 13:47A-1.14

Adopted by 56 N.J.R. 1876(a), effective 9/16/2024