Arizona Laws 44-1947. Register of dealers and salesmen; recording registration and orders; transfer or expiration of registration
A. The names and addresses of all persons who have been registered as dealers or salesmen, and all orders with respect thereto, shall be recorded in a register of dealers and salesmen in the office of the director.
Terms Used In Arizona Laws 44-1947
- CRD system: means the central registration depository system of the national association of securities dealers, incorporated. See Arizona Laws 44-1801
- Director: means the director of the securities division of the commission. See Arizona Laws 44-1801
- Issuer: means any person who issues or proposes to issue any security, except:
(a) With respect to certificates of deposit, voting-trust certificates, collateral-trust certificates, certificates of interest or shares in an unincorporated investment trust, whether or not of the fixed, restricted management or unit type, issuer means the person or persons performing the acts and assuming the duties of depositor or manager pursuant to the provisions of the trust or other agreement or instrument under which such securities are issued. See Arizona Laws 44-1801
- Registered dealer: means a dealer registered under this chapter. See Arizona Laws 44-1801
- Registered salesman: means a salesman registered under this chapter. See Arizona Laws 44-1801
- Salesman: means an individual, other than a dealer, employed, appointed or authorized by a dealer to sell securities in this state. See Arizona Laws 44-1801
B. The registration of a dealer who deals exclusively in securities of which the dealer is the issuer shall expire one year from the effective date of registration. All other registrations expire on December 31 of each calendar year unless renewed before expiration.
C. A salesman may transfer the salesman’s registration to a registered dealer by filing a completed application for registration and remitting a transfer fee to the commission. The commission may transfer the registration of a registered salesman in accordance with the terms of a temporary agent transfer program utilized by the CRD system.
D. The expiration provisions described in subsection B of this section do not affect the right of the commission to suspend or revoke the registration of a dealer or salesman.