Hawaii Administrative Rules
Title 16 - DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS
Chapter 38 - SECURITIES - REPEALED
Subchapter 3 - SALESPERSONS
Section 16-38-6.3 - Registration; examination requirements
Universal Citation: HI Admin Rules 16-38-6.3
Current through August, 2024
(a) Unless specifically exempt, every applicant for registration as a securities salesperson shall be required to pass a written examination that tests the applicant's knowledge of the securities business.
(b) The examination requirement of subsection (a) shall be deemed satisfied upon the provision of evidence to the commissioner that the applicant:
(1) Has
passed an examination administered by the NASD that is appropriate for the type
of business that will be conducted by the salesperson; and
(2) Has not had a lapse of more than two
continuous years in its registration as a salesperson with the NASD or in any
state since passing the examination; and
(3) Notwithstanding any other provision to
the contrary, the commissioner, by order, may waive the examination requirement
if the commissioner determines that the examination is not necessary or
appropriate in the public interest or for the protection of
investors.
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