Each registered dealer shall promptly notify the director of the termination of the employment of a registered salesman. The registration of the salesman shall automatically be suspended from the time of termination of the employment until the salesman is again employed by a registered dealer and the director is notified by the dealer in writing or by the CRD system, and the registered dealer is notified of approval of the registration by the director or the CRD system or the salesman has complied with all requirements in accordance with a temporary agent transfer program utilized by the CRD system and the commission.

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Terms Used In Arizona Laws 44-1949

  • 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
  • Registered dealer: means a dealer registered under this chapter. See Arizona Laws 44-1801
  • Registered salesman: means a salesman registered under this chapter. 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
  • Writing: includes printing. See Arizona Laws 1-215

 

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