Section 451.2407 – Succession or Change in Registration of Broker-Dealer or Investment Adviser; Change in Organization, Name, or Control.
451.2407 Succession or change in registration of broker-dealer or investment adviser; change in organization, name, or control. Sec. 407. (1) A broker-dealer or investment adviser may succeed to the current registration of another broker-dealer or investment adviser or a notice filing of a federal covered investment adviser, and a federal covered investment adviser may succeed […]
Section 451.2408 – Termination of Employment or Association of Agent and Investment Adviser Representative; Notice; Other Employment or Association; Withdrawal of Temporary Registration; Power of Administrator to Prevent Transfer; Cancellation or Termination of Registration or Application; Reinstatement.
451.2408 Termination of employment or association of agent and investment adviser representative; notice; other employment or association; withdrawal of temporary registration; power of administrator to prevent transfer; cancellation or termination of registration or application; reinstatement. Sec. 408. (1) If an agent registered under this act terminates employment by or association with a broker-dealer or issuer, […]
Section 451.2409 – Withdrawal of Registration by Broker-Dealer, Agent, Investment Adviser, or Investment Adviser Representative.
451.2409 Withdrawal of registration by broker-dealer, agent, investment adviser, or investment adviser representative. Sec. 409. Withdrawal of registration by a broker-dealer, agent, investment adviser, or investment adviser representative is effective 60 days after an application to withdraw is filed or within a shorter period as provided by rule or order under this act, unless a […]
Section 451.2307 – Waiver or Modification of Requirements of MCL 451.2302, 451.2303, and 451.2304(2), or Certain Requirements of MCL 451.2305(9).
451.2307 Waiver or modification of requirements of MCL 451.2302, 451.2303, and 451.2304(2), or certain requirements of MCL 451.2305(9). Sec. 307. The administrator may waive or modify, in whole or in part, any or all of the requirements of sections 302, 303, and 304(2) or the requirement of any information or record in a registration statement […]
Section 451.2401 – Broker-Dealer Registration; Requirements; Exemptions; Limitation on Employment or Association; Employment or Association With Certain Individuals Prohibited; Rule or Order.
451.2401 Broker-dealer registration; requirements; exemptions; limitation on employment or association; employment or association with certain individuals prohibited; rule or order. Sec. 401. (1) A person shall not transact business in this state as a broker-dealer unless the person is registered under this act as a broker-dealer or is exempt from registration as a broker-dealer under […]
Section 451.2402 – Agent Registration; Requirements; Exemptions; Employment or Association; Acting as Agent for More Than 1 Broker-Dealer or Issuer; Exception.
451.2402 Agent registration; requirements; exemptions; employment or association; acting as agent for more than 1 broker-dealer or issuer; exception. Sec. 402. (1) An individual shall not transact business in this state as an agent unless the individual is registered under this act as an agent or is exempt from registration as an agent under subsection […]
Section 451.2403 – Investment Advisor Registration; Requirements; Exemptions; Employment or Association With Certain Individuals Prohibited; Exception.
451.2403 Investment advisor registration; requirements; exemptions; employment or association with certain individuals prohibited; exception. Sec. 403. (1) A person shall not transact business in this state as an investment adviser unless the person is registered under this act as an investment adviser or is exempt from registration as an investment adviser under subsection (2). (2) […]
Section 451.2404 – Investment Advisor Representative; Registration; Requirements; Exemption; Employment or Association; Transacting Business for More Than 1 Investment Adviser; Referral Fees.
451.2404 Investment advisor representative; registration; requirements; exemption; employment or association; transacting business for more than 1 investment adviser; referral fees. Sec. 404. (1) An individual shall not transact business in this state as an investment adviser representative unless the individual is registered under this act as an investment adviser representative or is exempt from registration […]
Section 451.2405 – Federal Covered Investment Adviser; Filing Requirements; Exceptions; Notice; Effectiveness of Filing.
451.2405 Federal covered investment adviser; filing requirements; exceptions; notice; effectiveness of filing. Sec. 405. (1) Except with respect to a federal covered investment adviser described in subsection (2), a federal covered investment adviser shall not transact business in this state as a federal covered investment adviser unless the federal covered investment adviser complies with subsection […]
Section 451.2202 – Securities Exempt From MCL 451.2301 to 451.2306 and MCL 451.2504.
451.2202 Securities exempt from MCL 451.2301 to 451.2306 and MCL 451.2504. Sec. 202. (1) The following transactions are exempt from the requirements of sections 301 to 306 and 504: (a) An isolated nonissuer transaction, whether effected by or through a broker-dealer or not. (b) A nonissuer transaction by or through a broker-dealer registered or exempt […]