002-4 Wyo. Code R. § 4-4

Current through April 27, 2019

Section 4-4 - Renewal

(a) Every broker-dealer registered in Wyoming which desires to renew its registration shall renew through the CRD and follow the renewal procedures established by the CRD of each year.

(b) If renewal fees are not paid on or before the cut-off date established by the CRD, a broker-dealer's registration may be subject to administrative action on January 1 or thereafter for willful failure to comply with any provision of the Act or rules following notice, opportunity for hearing, and written findings of fact and conclusions of law.

• (i) Notice, as contemplated in this section, shall be given by the Secretary of State via a letter to the broker-dealer's last known address advising the broker-dealer of its failure to renew and need for immediate compliance;

• (ii) To the extent the broker-dealer cannot be located, mailing a copy of any Order Canceling Broker-Dealer Registration to the broker-dealer's last known address shall be deemed sufficient notice and service by the Secretary of State of the requirement and failure of the broker-dealer to renew;

(c) Broker-dealers which do not participate in CRD renewal by the CRD cut-off date, but which contact the Secretary of State and deliver the appropriate renewal fees for the broker-dealer and agents before a final Order of revocation is entered, may have their registration renewed for another year subject to payment of an administrative penalty pursuant to W.S. § 17-4-412 in an amount not to exceed two hundred dollars ($200) for failure to comply with the Act and Rules.

002-4 Wyo. Code R. § 4-4

Amended, Eff. 10/27/2017.