Nevada Administrative Code
Chapter 90 - Securities
Section 90.Sec. 37 - NEW
Universal Citation: NV Admin Code 90.Sec. 37
Current through February 27, 2024
1. Except as otherwise provided in subsection 2, a broker-dealer may not make or maintain the registration of a sales representative if the registration is for:
(a) A person who is no longer active in the
security business of the broker-dealer;
(b) A person who no longer functions as a
sales representative; or
(c) The
sole purpose of avoiding any applicable examination requirement.
2. A broker-dealer may make or maintain the registration of a sales representative if the registration is for a person who performs legal, compliance, internal audit, back-office operations or similar responsibilities for the broker-dealer or other sales representative of the broker-dealer.
Added to NAC by Sec'y of State by R018-21A, eff. 6/2/2023
NRS 90.750
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