Okla. Admin. Code § 660:11-7-14
Current through Vol. 42, No. 4, November 1, 2024
Section 660:11-7-14 - Investment adviser representative termination(a)Filing requirement. Termination notice pursuant to the requirements of Section 1-408.A of the Securities Act shall be promptly given by filing within thirty (30) days of termination, a completed Uniform Termination notice for Securities Industry Registration, Form U5. The Form U5 for an investment adviser shall be filed with IARD.(b)Responsibility for filing. A completed Form U5 signed by the investment adviser will be accepted as fulfilling the statutory requirements of both parties. Upon verification that the Form U5 has not been filed by the investment adviser, the investment adviser representative shall notify the Department in writing of the termination.(c)Amendments. If the information contained in a Form U5 becomes inaccurate or incomplete, the investment adviser shall promptly file a correcting amendment after learning of the facts and circumstance giving rise to the amendment.(d)Effect of failure to file. In the event of termination, the filing of a future application for registration shall not be considered complete until compliance with the termination notice requirements of Section 1-408.A of the Securities Act. Okla. Admin. Code § 660:11-7-14
Reserved at 21 Ok Reg 2532, eff 7-1-04Amended by Oklahoma Register, Volume 37, Issue 24, September 1, 2020, eff. 11/1/2020