1. (1) For purposes of this rule, a senior certification or professional designation does not include a job title within an organization that is licensed or registered by a state or federal financial services regulatory agency, when that job title:

   1. (a) indicates seniority or standing within the organization; or
   2. (b) specifies an individual's area of specialization within the organization.
2. (2) For purposes of this rule, financial services regulatory agency includes, but is not limited to, an agency that regulates broker-dealers, investment advisers, or investment companies as defined under the Investment Company Act of 1940.

Authorizing statute(s): 30-10-107, MCA

Implementing statute(s): 30-10-201, 30-10-301, MCA

History: NEW, 2008 MAR p. 2046, Eff. 9/26/08.