§ 17-4-406 — Registration by broker-dealer, agent, investment adviser, and investment adviser representative

Wyoming § 17-4-406

• Jurisdiction: Wyoming
• Title 17: Corporations, Partnerships and Associations
• Ch. 4: SECURITIES
• Art. 4: BROKER-DEALERS, AGENTS, INVESTMENT ADVISERS,

Text

(a) A person shall register as a broker-dealer, agent,
investment adviser, or investment adviser representative by
filing an application and a consent to service of process
complying with W.S. 17-4-611, and paying the fee specified in
W.S. 17-4-410 and any reasonable fees charged by the designee of
the secretary of state for processing the filing. The
application must contain:
(i) The information or record required for the filing
of a uniform application; and
(ii) Upon request by the secretary of state, any
other financial or other information or record that the
secretary of state determines is appropriate.
(b) If the information or record contained in an
application filed under subsection (a) of this section is or
becomes inaccurate or incomplete in a material respect, the
registrant shall promptly file a correcting amendment.
(c) If an order is not in effect and a proceeding is not
pending under W.S. 17-4-412, registration becomes effective at
noon on the forty-fifth day after a completed application is
filed, unless the registration is denied. A rule adopted or
order issued under this act may set an earlier effective date or
may defer the effective date until noon on the forty-fifth day
after the filing of any amendment completing the application.
(d) A registration is effective until midnight on December
31 of the year for which the application for registration is
filed. Unless an order is in effect under W.S. 17-4-412, a
registration may be automatically renewed each year by filing
such records as are required by rule adopted or order issued
under this act, by paying the fee specified in W.S. 17-4-410,
and by paying costs charged by the designee of the secretary of
state for processing the filings.
(e) A rule adopted or order issued under this act may
impose such other conditions, not inconsistent with the National
Securities Markets Improvement Act of 1996. An order issued
under this act may waive, in whole or in part, specific
requirements in connection with registration as are in the
public interest and for the protection of investors.