78C-16. Registration and notice filing requirement. (a) It is unlawful for any person to transact business in this State as an investment adviser unless: (1) The person is registered under this Chapter; (2) The person’s only clients in this State are investment companies as defined in the Investment Company Act of 1940, other investment advisers, […]
78C-17. Registration and notice filing procedures. (a) An investment adviser, or investment adviser representative may obtain an initial or renewal registration by filing with the Administrator or the Administrator’s designee an application together with a consent to service of process pursuant to G.S. 78C-46(b) and paying any reasonable costs charged by the designee for processing […]
78C-18. Post-registration provisions. (a) Every registered investment adviser shall make and keep such accounts, correspondence, memoranda, papers, books and records as the Administrator by rule prescribes, subject to the limitations of section 222 of the Investment Advisers Act of 1940 (15 U.S.C. 80(b)-18a). All records so required shall be preserved for three years unless the […]
78C-19. Denial, revocation, suspension, bar, censure, cancellation, and withdrawal of registration. (a) The Administrator may by order deny, suspend or revoke any registration, or bar or censure any registrant or any officer, director, partner or person occupying a similar status or performing similar functions for a registrant, from employment with a registered investment adviser, or […]
78C-20. Methods of registration. (a) All applications for initial and renewal registrations or notice filings required under G.S. 78C-17 shall be filed with the Investment Adviser Registration Depository (IARD) operated by the National Association of Securities Dealers. (b) Repealed by Session Laws 2001-273, s. 4, effective October 1, 2001. (c) Nothing in this section shall […]
