Nebraska Administrative Code
Topic - BANKING AND FINANCE, DEPARTMENT OF
Title 48 - DEPARTMENT OF BANKING AND FINANCE
Chapter 5 - ISSUER-DEALERS
Section 48-5-007 - AMENDMENT

Universal Citation: 48 NE Admin Rules and Regs ch 5 ยง 007

Current through March 20, 2024

Whenever a material change in operations occurs or is discovered, a registered issuer-dealer shall promptly file an amendment to its Application with the Director. Material changes include, but are not limited to:

007.01 A change in the name or names under which business is conducted in Nebraska and the firm's business address;

007.02 A change in the ownership, management or control of the firm;

007.03 A change in type of entity, general plan or character of its business, or method of operation;

007.04 Insolvency, dissolution, liquidation, receivership, bankruptcy, or a material adverse change or impairment of working capital, or non-compliance with the minimum net capital or bond requirements;

007.05 The termination of business; or

007.06 The filing of any of the following actions against the firm, a partner, limited liability company member, officer, or director of the firm, or any person in a similar position; or an agent:

007.06A A criminal charge alleging a misdemeanor involving a security or commodity or any aspect of the securities or commodities business, or any felony;

007.06B Any civil action in which a fraudulent, dishonest, or unethical act is alleged or any violation of a securities law is involved; or

007.06C The entry of an order or proceeding by any court or administrative agency against the firm denying, suspending, or revoking its license, or threatening to do so, or enjoining it from engaging in or continuing any conduct or practice in the securities business.

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