18 N.C. Admin. Code 6A.1408

Current through Register Vol. 39, No. 9, November 1, 2024

Section 06A .1408 - TERMINATION OF SALESMAN'S REGISTRATION

(a) When a salesman withdraws, cancels or otherwise terminates registration, the dealer for which the salesman is registered shall file such information, as follows:

(1) A Uniform Termination Notice For Securities Industry Registration (Form U-5) to be filed with the NASAA/NASD Central Registration Depository if the dealer is a NASD member firm; or

(2) If the dealer is a non-NASD member firm then the Uniform Termination Notice For Securities Industry Registration (Form U-5) shall be filed directly with the Securities Division.

(b) The Uniform Termination Notice For Securities Industry Registration (Form U-5) shall be filed as soon as practicable after termination of the salesman, but in no event later than ten business days after the salesman terminates.

18 N.C. Admin. Code 06A .1408

Authority G.S. 78A-36(b); 78A-40(a); 78A-49(a);
Eff. April 1, 1981;
Amended Eff. November 1, 1982;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. December 6, 2016.

Authority G.S. 78A-36(b); 78A-40(a); 78A-49(a);
Eff. April 1, 1981;
Amended Eff. November 1, 1982.