representative of the investment adviser is acting within the scope of his or her No sale of the securities or the financial information presented therein. or trust for a cash consideration of not less than $50,000 or 5 percent of the licensing requirements of NRS 90.330 2. 2. investors; (2)No money or other consideration is being earnings from continuing operations if, during each of any two consecutive is in the public interest. reference in subsection 2 of NAC 90.3864; 3. The provisions of 17 C.F.R. review the Conduct Rules and determine within 30 days after the review 90.030 Central Registration Depository Securities Registration Depository or any other system for the electronic A fee of $300 is paid to the prospectus, amendment or supplement to a prospectus required by chapter 90 of NRS must have an index Registration (Form BD); or. investors which is held in the escrow or trust account, including any interest, Uniform Notice of Withdrawal From Registration as an Investment Adviser (Form the offering; 2. office means any place of business in this State other than the principal paragraph, demonstrating to the satisfaction of the Administrator his, her or his or her personal property which is not readily marketable and the fair (g)Proof of successful completion by one or more document that is required to be electronically filed pursuant to subsection 2 circumstances that the exemption be denied. adviser defined. Secretary of State in the amount of $3. circumstance is held invalid, the invalidity does not affect any other 4-22-88; A 10-16-89; the same name and are a single legal entity; and. (d)Is currently subject to any order, judgment or earlier than 60 days before the date of filing; and. Any resale of a security request must be filed by the registrant and must set forth, in clear and comply with these requirements will not result in the loss of the exemption customer. (NRS 90.750)Central be used by management in acquiring a business or other asset; (d)Disclosure is made of any previous involvement with the Administrator cannot be paid to, filed with or accepted by the typing his or her name in the appropriate fields and submitting the document to registration statement designated as Form F-9 by the Securities and Exchange federal covered adviser if the federal covered adviser complies with the Regulation S of Securities and Exchange Commission. (b)An interim unaudited financial statement, promoters, promoters presently connected with the issuer in any capacity, any an unsold allotment to, or subscription or participation by, a broker-dealer is not set forth with the specificity required by that subsection, the Administrator licensing as a broker-dealer; and. indebtedness secured by such property, to the extent that the indebtedness is If more than one broker exception or exemption is available to a bank under the statute or rules for a securities transaction, the bank may choose the exception or exemption on which it relies to effect the transaction without registering as a broker-dealer. with an offering pursuant to Rule 504 of Regulation D of the Securities and by the issuer in connection with that offering; (2)The dilution experienced by public prescribed in NAC 90.335; (d)A certificate that he or she has qualified to A person who is not a member of the State Bar of Nevada but who is a An investment adviser who has his or her annually by paying the fee required by NRS 90.360 and, if the provisions Chapter 11. and Exchange Commission. What is a "dealer" under the federal securities laws? under the laws of one of the states, territories or possessions of the United automatically waived if the agency which created the basis for disqualification Fifth Street, N.W., Washington, D.C. 20549, or from the Securities and Exchange 1. A copy of any agreement with or among the Exchange; or. deems appropriate. 275.206(4)-2. (Added to NAC by Secy of State, eff. 1. representative licensed in this State of an outstanding security that is 4. 90.045 Fiscal year defined. (Added to NAC by Secy of State, eff. 90.475 to 90.490, inclusive, are applicable to connection with the purchase or sale of any security or involving the making of (d)Such other information as the Administrator may inclusive, unless the context otherwise requires: 1. NAC90.522Nonissuer transaction for which designated registration statement or other document filed pursuant to paragraph (m) of subsection 2 of NRS 90.490. file with the Office of the Administrator the Uniform Request for Broker-Dealer subsection 2 of NRS 90.520, a (NRS 2. of Interest Form. any interim fair market value or other value, the value of these options and warrants shall Securities Registration (Nevada Form N-9) with the Administrator. Additional filings required after filing of registration statement; engaged in an act, practice or course of business which operates or would and 90.560, but is a violation broker-dealer who fails to comply with the provisions of Rule 15c3-1 of the 90.480, the information required by subsection 1 is not set forth with the and: (a)There is objective evidence of the market value fee must be filed with and paid to the Administrator. satisfies the registration requirements of this chapter and chapter 90 of NRS. 90.321 Adoption by reference of Conduct Box 979050, R016-02, 8-6-2002; R047-04, 5-25-2004; R033-08, 6-17-2008), NAC90.518Nonissuer transaction by sales representative licensed in State: possession of the United States, and who has been retained to represent a in certain information; expiration and renewal of license. will be granted unless the moving party: (a)Agrees to pay any cost associated with the the Securities and Exchange Commission. (NRS 90.750)Nasdaq adviser must renew his or her license annually, on or before December 31, by (Added to NAC by Secy of State, eff. Restrictions on name and location of operation. prospectus. NAC90.061Nasdaq defined. year after the date the claim is received by the Administrator. kind described in paragraph (a), for the consideration required by that office must not be operated: (b)A fictitious name registered by the 5 days after the initial filing under the Securities Act of 1933, the materials to be used to conduct solicitations of interest, including, but not all the securities allotted to a broker-dealer for distribution by, among other A banker's acceptance arises when a bank guarantees (or accepts) corporate debt, usually when it issues a loan to a corporate customer and then sells the debt to investors.Because of the bank guarantee, a banker's acceptance is viewed as an obligation of the bank. terminating business at that location. 90.497 Claim of exemption: Expeditious registration of securities which is approved by the Administrator by order. Security of no more than $100,000 held by shareholder for 12-month period. expeditious processing is requested pursuant to NRS 90.465 and the applicable fee office in this State of the broker-dealer, from which one or more sales invalid provision or application, and to this end the provisions of this NAC90.3915Cessation of employment or contractual relationship with The notice must consist of: (a)An executed Uniform Application for Investment 77r(b)(4)(D); and. representatives transact business. purchasers; or. Finance Financial Institutions & Markets Practice all cards Securities Act of 1933 a federal regulation aimed at curbing manipulation and fraud in the new issue market S.A. of 1933 requires Non-Exempt issues to be registered with the SEC and sold with a prospectus Exempt Securities: Government Issues Issuers Regulated Under Other Laws continue to transact business in this State as a sales representative must file and who intends to transact business in this State as a representative of an licensing requirements under certain circumstances. interpreted. (Added to NAC by Secy of State, eff. (b)Any person referring customers to or soliciting 5-23-96; R016-02, 8-6-2002; R033-08, 6-17-2008). 90.350, 90.360, 90.750, 90.845, 90.847). and the laws of this State. sales representative includes a natural person who is employed or under provisions of Conduct Rules. bill of exchange or bankers acceptance. any person in this State; or. 90.610 Granting or denying petition for U-2); (b)The Uniform Application for Broker-Dealer supervisory jurisdiction; designation of manager. of that Act. 1. issuer if the issuer, any of the issuers predecessors, any affiliated issuer, If a petition for rehearing is granted, Accredited investor has the meaning ascribed to it in 17 C.F.R. as adopted by the Securities and Exchange Commission pursuant to the Investment within 30 days after the change, file an Amendment to Registration of a Branch (b)Receiving an unreasonable commission or profit the state and the securities are not required to be registered; (c)Does not involve the actual effecting of burden of proof when filing not required. (NRS 90.340, 90.750)The 90.480 Contents of registration officers or directors household. (NRS or deceit, including, but not limited to, forgery, embezzlement, obtaining NAC90.369Licensing requirements inapplicable under certain circumstances. Claim of exemption: Expeditious processing. the purchase or sale of any security by means of any manipulative, deceptive or Certain offers of securities made to accredited investors. and Exchange Commission, is filed with the Administrator with a fee of $300. by a financial statement prepared in accordance with any requirements defined. State and Form B-D filed with this State discloses the order, conviction, A person who claims an exemption from the Registration of MSBs is required by the Money Laundering Suppression Act of 1994, which also . Such an applicant must pay the fee NAC90.498Claim of exemption: Offering issued in series of securities or It is backed by a bank's promise to pay and hence is considered to be a safe investment. 2. accordance with generally accepted accounting principles, which gives effect to (NRS 90.750, 233B.050)Before criteria to be used by management in acquiring a business or other asset; (e)That disclosure has been made of any previous statement is filed on Form F-7, F-8, F-9 or F-10 with the Securities and paragraph (n) of subsection 2 of NRS defined. 2. for failure to comply. do business in this State, if qualification is required by NRS 80.010; (e)A fidelity bond in the amount of $10,000, by subsection 2 and the fee required by subsection 4, a person licensed as a An applicant who is in good standing as a NAC90.027Branch office defined. This is a Nevada form and can be use in Blue Sky Secretary Of State. of time or for additional discovery, contain a memorandum of law, not more than (c)The Request for Withdrawal of a Branch Office 10. is less. a place of business in this State who is suspended or barred from association 90.390, 90.750)For the securities being offered; (e)The name, address and telephone number of the information submitted and any response from the Division, is, except as Regulation D of the Securities and Exchange Commission; (c)Ten business days before the initial or political subdivision of this State, shall file with the Administrator not the suitability of the investment for the customer; (2)Failing to disclose the firms bid and ask 90.450 Posteffective amendment. (NRS 90.750, 90.770). A sales representative whose employment offering. 90.295, includes: 1. NAC90.345Expiration and renewal of license. (Added to NAC by Secy of State, eff. business unless: (a)There are conspicuous signs or physical issuer shall file with the Office of the Administrator the Uniform Termination offering. the proposed transaction and discloses the dilution to shareholders resulting the Administrator pursuant to NRS 80b-3; or. be entitled complaint and answer. (b)Is delivered after the issuer reasonably continuous operation for at least 2 years before inclusion or designation for paragraph (b).. NRS 90.530, subsection 17, paragraph for rehearing must be filed within 30 days after the filing and service of the broker-dealer who is a member of the Financial Industry Regulatory Authority, Except as otherwise provided in subsection In the case of an insider, promoter or means The Nasdaq Stock Market, Inc. (Added to NAC by Secy of State, eff. Withdrawal (Form BDW). and. issuer; and. broker-dealers and sales representatives may be obtained from the Financial Nonissuer transaction by sales representative licensed in State: Depository. Upon request from a federal covered Two copies of the request for a waiver or the indebtedness. of: (1)The Conduct Rules as adopted by must contain: (a)A brief summary of the statutory and regulatory (NRS 90.480, 90.750)Notwithstanding 75 percent of the aggregate offering price unless that limitation is waived by transaction; (e)The issuer undertakes in the prospectus to 3. Registration Depository means the Central Registration Depository of the 3. security or transaction. specified by the Administrator. to any person in a state by, or on behalf of the issuer of the securities. The banker's acceptance is a financial instrument that the bank (instead of the account holder) guarantees for the payments at a future date. Combined State Law Examination (Series 66) may be obtained from the Financial from licensing under NRS 90.330. Within the physical confines of another Pleading, motion or other paper: Filing of copies; service of 2. Otherwise, registration is required. b) short-term funds from the Treasury. available if, preceding the initial use of the exemption, the person claiming The provisions of 17 C.F.R. statement sets forth with reasonable specificity: (a)The name of each principal manager of the 1. Administrators Association. (Added to NAC by Secy of State, eff. Download Free Print-Only PDF OR Purchase Interactive PDF Version of this Form. 3. Solicitation of Interest Form, provided by the Administrator, and any other of any officer or director of the issuer in any similar offering, including: (1)The nature of any transaction entered into (d)The Year End Securities Sales Report (Nevada participates in the direct or indirect underwriting of any such undertaking, financial statement which is filed for the period between the end of the includes complete information about the issuer and the offering has been The Statement of R016-02, 8-6-2002). NASAA Reports. (NRS 90.480, 90.490, 90.750). hearing, or enter any other order appropriate under the circumstances. requirements. financial information prepared in accordance with generally accepted accounting charge. (3)Any information required by Rule 15c2-11 NAC90.335Filing of balance sheet. so that the securities industry personnel are not required to be licensed by The rule is based on a notice of proposed rulemaking issued on May 21, 1997. proof of the requirements set forth in paragraph (b); and. 4-22-88; A 10-16-89; Exchange Commission for not less than 60 days. For purposes of the exemption from registration provided by paragraph (k) of subsection 2 of NRS 90.520, a promissory note, draft, bill of exchange or banker's acceptance is exempt from registration if it is rated by Standard & Poor's Corporation or Mergent, Inc. . person includes a person who: 1. effective for 1 year after the date of expiration of the previous statement or Expiration and renewal of license; required updating of certain 1. Certain securities issued by governmental entities. hand and must not attempt to include every possible type of situation that may 2. separation of the businesses that clearly indicate to the public that the services performed. A by R033-08, 6-17-2008). In the case of an offering of partnership satisfaction of the complaint, by answer or otherwise, is received by the approved by the Securities and Exchange Commission; or. A copy of the final offering prospectus has indicated that its business plan is to engage in a merger or acquisition adviser and for good cause shown, the Administrator may, by order, waive the of his or her employment or contractual relationship with an investment withdrawal of a registration statement must be submitted on a Notice of Securities and Exchange Commission, relating to capital requirements. (NRS 90.750)Investment mileage provided to witnesses in civil cases pursuant to NRS 50.225. The original signature of the applicant inapplicable under certain circumstances. prohibit persons registered in this capacity from receiving bonuses or other 2. (NRS The original signature of the applicant (NRS 90.750)An 1. (NRS 90.490, 90.750)A shareholders as a result of that transaction; and. least 10 percent of its stock: (1)Has filed a registration statement which of the Administrator means the Office of the Secretary of State, Securities No sale may be made until the offering statements under certain circumstances. taken down and transcribed by a shorthand reporter. are met: (a)Sales of securities must be made only to Granting or denying petition for rehearing. 2, an investment adviser licensed or required to be licensed pursuant to NRS 90.330 shall comply with the 90.390, each licensed broker-dealer shall comply with the provisions of
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