Compilation of Rules and Regulations of the State of Georgia
Department 590 - RULES OF OFFICE OF SECRETARY OF STATE
Chapter 590-4 - COMMISSIONER OF SECURITIES
Subject 590-4-4 - INVESTMENT ADVISERS AND REPRESENTATIVES
Rule 590-4-4-.07 - Incomplete and Abandoned Applications

Universal Citation: GA Rules and Regs r 590-4-4-.07

Current through Rules and Regulations filed through March 20, 2024

(1) Any application for registration as an investment adviser or investment adviser representative is deficient if any of the following conditions exist:

(a) The application is not in proper form; or

(b) The application is not in compliance with Code Section 10-5-35 or any other provision of the Act or the Rules.

(2) When an application is found to be deficient, the Commissioner may send a letter explaining the deficiency to the applicant and, if the applicant is an investment adviser representative, to the investment adviser who employs or proposes to employ the applicant. The application shall be deemed to be abandoned by the applicant if the Commissioner receives no communication from the applicant for a period of sixty (60) days after the applicant receives the deficiency letter, the Commissioner may issue an order pursuant to Code Section 10-5-41, denying the application.

O.C.G.A. Sec. 10-5-35.

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