Idaho Administrative Code
Title IDAPA 12 - Finance, Department of
Rule 12.01.08 - RULES PURSUANT TO THE UNIFORM SECURITIES ACT (2004)
Section 12.01.08.098 - NAMES USED BY BROKER-DEALERS AND INVESTMENT ADVISERS
Universal Citation: ID Admin Code 12.01.08.098
Current through August 31, 2023
01. Unregistered Names. (3-23-22)
a. Broker-dealers, Broker-dealer
Agents. Upon written request, the Administrator, in his discretion, may allow
use by a broker-dealer of the name of an entity which is not registered with
the Department as a broker-dealer if, in all communications and advertising, a
notation is prominently displayed indicating that all securities transactions
are made through a named registered broker-dealer. However, any and all
payments received must be in the name of the registered broker-dealer. The
Administrator may impose any further conditions or restrictions on the use of
the nonregistered name that he deems appropriate for the protection of the
public. Except as provided in this rule, the use of unregistered names by a
broker-dealer is prohibited. (3-23-22)
b. Investment Advisers, Investment Adviser
Representatives. All advising, transactions, communications, and advertising
regarding securities and the conducting of business as an investment adviser
must be accomplished under the name of the investment adviser that is currently
registered with the Department. Upon written request, the Administrator, in his
discretion, may allow use by an investment adviser or investment adviser
representative of the name which is not registered with the Department.
(3-23-22)
02. Change of Name. If a registered broker-dealer, investment adviser, investment adviser representative or agent desires a name change, notice of such an intent must be submitted through CRD or to the Department within thirty (30) days after the effective date of the change. The name change will not be effective in this state until the notice is received. Any notice of a name change must include a copy of the rider to be attached to the investment adviser's surety bond, if such bond is required, reflecting the name change. (3-23-22)
Disclaimer: These regulations may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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