Statutes, codes, and regulations
New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKINGChapter 11 - SECURITIES
Part 5 - INVESTMENT ADVISERS, INVESTMENT ADVISER REPRESENTATIVES AND FEDERAL COVERED ADVISERS
Section 12.11.5.13 - TERMINATION, TRANSFER AND WITHDRAWAL

N.M. Admin. Code § 12.11.5.13

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Current through Register Vol. 35, No. 23, December 10, 2024
Section 12.11.5.13 - TERMINATION, TRANSFER AND WITHDRAWAL
A. Termination of investment adviser representative's employment or association. Pursuant to Section 58-13C-408 A, if an investment adviser representative registered under the New Mexico Uniform Securities Act terminates employment by or association with an investment adviser or a federal covered investment adviser or terminates activities that require registration as an investment adviser representative, the investment adviser or federal covered investment adviser shall complete the form U-5 in accordance with the form instructions and promptly file the form with CRD. If the investment adviser representative learns that the investment adviser or federal covered investment adviser has not filed the form, then the investment adviser representative shall promptly file it. The form will be considered to be filed promptly if it is filed within 30 days of the termination.
B. Transfer of investment adviser representative's employment or association. Pursuant to Section 58-13C-408 B, if an investment adviser representative registered under the New Mexico Uniform Securities Act terminates employment by or association with an investment adviser or federal covered investment adviser and begins employment by or association with another investment adviser or federal covered investment adviser, an initial application for registration must by filed in compliance with Section 58-13C-406 and 12.11.5.10 NMAC.
C. Withdrawal.
(1) The application for withdrawal of a registration by an investment adviser pursuant to Section 58-13C-409 shall be made by following the instructions on form ADV-W and filing the form ADV-W with the IARD.
(2) The application for withdrawal of registration as an investment adviser representative pursuant to Section 58-13C-409 shall be made by following the instructions on form U-5 and filing the form U-5 with the CRD.

N.M. Admin. Code § 12.11.5.13

12.11.5.13 NMAC - N, 1-1-2010