10 Pa. Code § 302.071

Current through Register Vol. 54, No. 38, September 21, 2024

Section 302.071 - Registration exemption for solicitors

A solicitor does not need to register as an investment adviser or investment adviser representative if the solicitor:

(1) Is in compliance with all requirements of § 404.012 (relating to cash payment for client solicitation).

(2) Provides impersonal investment advisory services.

(3) Is not subject to any order, judgment or decree described in section 305(a)(ii)-(vi) of the act (70 P.S. § 1-305(a)(ii)-(vi)).

10 Pa. Code § 302.071

The provisions of this §302.071 adopted January 12, 2018, effective 1/13/2018, 48 Pa.B. 389.

The provisions of this §302.071 issued under section 202.C of the Department of Banking and Securities Code (71 P.S. § 733-202.C); section 609(a) of the Pennsylvania Securities Act of 1972 (70 P.S. § 1-609(a)); and section 9(b) of the Takeover Disclosure Law (70 P.S. § 79(b)).

This section cited in 10 Pa. Code § 404.012 (relating to cash payment for client solicitation).