Arizona Laws 44-3155. Investment adviser license; notification
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A. If an applicant for licensure as an investment adviser fully complies with this article and commission rules adopted under this article, the director shall license the applicant as an investment adviser, unless the commission finds cause for denial as provided in article 6 of this chapter.
Terms Used In Arizona Laws 44-3155
- Director: means the director of the securities division of the commission. See Arizona Laws 44-1801
- Federal covered adviser: means an investment adviser registered under the investment advisers act of 1940. See Arizona Laws 44-3101
- IARD: means the investment adviser registration depository operated by the national association of securities dealers. See Arizona Laws 44-3101
- Investment adviser: means any person who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or as to the advisability of investing in, purchasing or selling securities or who, for compensation and as a part of a regular business, issues or promulgates analyses or reports concerning securities. See Arizona Laws 44-3101
B. After the director has licensed an applicant as an investment adviser or has received a complete notice filing from a federal covered adviser, the director shall promptly notify the applicant or the federal covered adviser through the IARD, by mail or by any other method that is reasonably acceptable to the commission.