1. (1) The registration of an agent is not effective during any period when any of the following apply:

   1. (a) The broker-dealer that the agent represents is not registered.
   2. (b) When the securities of the issuer that the agent represents are not subject to an effective registration statement or an effective exemption, or upon termination of the offering.
   3. (c) The agent’s status with the financial industry regulatory authority or a national securities exchange is deficient for failure to meet continuing education requirements.
2. (2) The division may by order limit the period of, or specify an earlier expiration date for, any registration.

History

History: Cr. Register, December, 1977, No. 264, eff. 1-1-78; am. Register, December, 1980, No. 300, eff. 1-1-81; am. (1), Register, December, 1982, No. 324, eff. 1-1-83; am. (1), Register, December, 1983, No. 336, eff. 1-1-84; am. (2), Register, December, 1984, No. 348, eff. 1-1-85; am. (1) (a) and (b), r. (1) (c), renum. (1) (d) and (e) to be (1) (c) and (d), Register, December, 1985, No. 360, eff. 1-1-86; am. (1) (c), Register, December, 1994, No. 468, eff. 1-1-95; CR 02-102: r. and recr (2), Register December 2002 No. 564, eff. 1-1-03; CR 08-077: r. and recr. Register December 2008 No. 636, eff. 1-1-09.