A. If an applicant has fully complied with the provisions of this article and the rules of the commission thereunder the director shall register the applicant as a salesman in a register of dealers and salesmen, unless the commission finds cause for denial as provided for in article 10 of this chapter.

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Terms Used In Arizona Laws 44-1946

  • 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
  • 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. When the director has registered an applicant as a salesman he shall promptly notify the applicants of the registration by mail or by the CRD system.