Rhode Island General Laws Title 7. Corporations, Associations, and Partnerships § 7-11-213. Denial, suspension, or revocation on grounds of lack of qualification

(1) May not enter an order against a broker-dealer on the basis of the lack of qualification of:

(2) May not enter an order against an investment adviser on the basis of the lack of qualification of:

(3) May not enter an order solely on the basis of lack of experience of the applicant or licensed person if the applicant or licensed person is qualified by training or knowledge, or both.

(4) Shall consider that a sales representative who will work under the supervision of a licensed broker-dealer need not have the same qualifications as a broker-dealer.

(5) Shall consider that an investment adviser is not necessarily qualified solely on the basis of experience as a broker-dealer or sales representative.

(6) Shall consider that an investment adviser representative who will work under the supervision of a licensed investment adviser need not have the same qualifications as an investment adviser.