Nev. Admin. Code § 90.Sec. 37 - NEW

1. Except as otherwise provided in subsection 2, a broker-dealer may not make or maintain the registration of a sales representative if the registration is for:

(a) A person who is no longer active in the security business of the broker-dealer;

(b) A person who no longer functions as a sales representative; or

(c) The sole purpose of avoiding any applicable examination requirement.

2. A broker-dealer may make or maintain the registration of a sales representative if the registration is for a person who performs legal, compliance, internal audit, back-office operations or similar responsibilities for the broker-dealer or other sales representative of the broker-dealer.

Notes

Nev. Admin. Code § 90.Sec. 37

Added to NAC by Sec'y of State by R018-21A, eff. 6/2/2023

NRS 90.750