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Indiana Code Title 23. Business and Other Associations § 23-19-4-11.5

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 11.5. (a) As used in this section, “office of supervisory jurisdiction” has the meaning set forth in the National Association of Securities Dealers Conduct Rule 3010(g) (as in effect on January 1, 2009).

(b) A broker-dealer registered or required to be registered under this article may not be selected for completion of a compliance report under section 11(i) of this chapter in consecutive years unless the commissioner has reason to believe that the broker-dealer has committed a violation of this article.

(c) The commissioner may not select for completion of a compliance report under section 11(i) of this chapter any office that:

(1) reports to an office of supervisory jurisdiction located within Indiana;

(2) reflects the address of the office of supervisory jurisdiction described in subdivision (1) on all of the office's business cards, stationery, advertisements, and other communications to the public;  and

(3) is included in the definition of branch office under the National Association of Securities Dealers Conduct Rule 3010(g) because the office:

(A) handles funds or securities as described under the National Association of Securities Dealers Conduct Rule 3010(g)(2)(A)(ii)(c);  or

(B) uses the residential address on all business cards, stationery, advertisements, or other communications to the public under the National Association of Securities Dealers Conduct Rule 3010(g)(2)(A)(ii)(d).

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Cite this article: FindLaw.com - Indiana Code Title 23. Business and Other Associations § 23-19-4-11.5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-23-business-and-other-associations/in-code-sect-23-19-4-11-5/

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