Ala. Admin. Code r. 830-X-3-.10

Current through Register Vol. 43, No. 1, October 31, 2024

Section 830-X-3-.10 - Notice Of Civil, Criminal Or Administrative Action Required

An applicant or registrant named as a defendant or respondent in one or more of the following actions shall notify the Commission within thirty (30) days in writing of any such action:

(a) Criminal charges punishable by imprisonment for more than six months, charges involving securities or any aspect of the securities business, or any felony;

(b) Civil charges involving a security or any aspect of the securities business or any activity alleging a breach of a fiduciary trust, or fraud;

(c) Administrative charges involving a security or any aspect of the securities business, or any activity alleging a breach of a fiduciary trust, or fraud;

(d) Any proceeding in which an adverse decision could result in:

1. a denial, suspension or revocation, or the equivalent of those terms, of a license, permit, registration or charter; or

2. an expulsion or bar from membership in any professional association or organization.

Author:

Ala. Admin. Code r. 830-X-3-.10

Filed September 30, 1982. Readopted: Filed November 9, 1983. Amended: Filed September 28, 1990.

Formerly Rule No. 830-X-3-.09.

Statutory Authority:Code of Ala. 1975, § 8-6-23.