N.M. Code R. § 12.11.10.19

Current through Register Vol. 35, No. 11, June 11, 2024

Section 12.11.10.19 - SELLING AGENTS

A. The company may engage broker-dealers or issuer representatives to sell the securities. Commissions, fees, or other remuneration for soliciting any prospective purchaser in this state in connection with this offering may only be paid to persons who, if required to be registered, the company reasonably believes are appropriately registered in this state.

B. 12.11.2.16 NMAC provides an exemption from registration for persons representing a SCOR issuer who do not receive compensation for sales.

12.11.10.19 NMAC - Rp, 12 NMAC 11.4.6.12, 1-1-2010