48 Neb. Admin. Code, ch. 4, § 013 - REGISTRATION OF SUCCESSOR TO REGISTERED BROKER-DEALER

In the event that a broker-dealer succeeds to and continues the business of a broker-dealer registered pursuant to Section 8-1103 of the Act, the registration of the predecessor shall be deemed to remain effective as the registration of the successor if the successor, within thirty days after such succession, files an application for registration on Form BD, and the predecessor files a notice of withdrawal from registration on Form BDW.

013.01 The registration of the predecessor broker-dealer will cease to be effective as the registration of the successor broker-dealer forty-five days after the application for registration on Form BD is filed by such successor.

013.02 Notwithstanding any other provision of this Rule, if a broker-dealer succeeds to and continues the business of a registered broker-dealer, and the succession is based solely on a change in the predecessor's date or state of incorporation, form of organization, or composition of a partnership, the successor may, within thirty days after the succession, amend the registration of the predecessor on Form BD to reflect these changes. This amendment is deemed an application for registration filed by the predecessor and adopted by the successor.

Notes

48 Neb. Admin. Code, ch. 4, § 013

Amended effective 6/5/2017. Amended effective 11/27/2019 Amended effective 6/13/2022