Sec.36b-31-6a. Broker-dealer and agent registration

(a) No corporation or partnership shall be registered as a broker-dealer without the registration of at least one agent.

(b) A broker-dealer shall file written notice with the commissioner within five days whenever it hires an agent transferred from another broker-dealer, except that such notice shall not be required if the transfer is made in accordance with the temporary transfer procedures under section 36b-31-6d of the regulations.

(c) A broker-dealer shall file written notice with the commissioner no later than 30 days after an agent leaves its employ. When an agent leaves its employ, the notice shall be given on Form U-5.

(d) A transfer of agent registration may be effected only after the commissioner receives written notice from the agent's former employer (Form U-5), the agent's new employer, and the agent. The agent's former employer shall not be required to file such notice if the transfer is made in accordance with the temporary transfer procedures under section 36b-31-6d of the regulations. The agent shall not be required to give such notice if the transfer is made in accordance with the temporary transfer procedures under section 36b-31-6d of the regulations, provided: (1) The agent's prior employment was terminated within the preceding seven days and not for cause and (2) the agent has satisfied the examination requirements under section 36b-31-15e of the regulations.

(Effective August 22, 1994; TransferredJuly 3, 1995)