§ 17-4-407 — Succession and change in registration of broker-dealer or investment adviser

(a) A broker-dealer or investment adviser may succeed to
the current registration of another broker-dealer or investment
adviser or a notice filing of a federal covered investment
adviser, and a federal covered investment adviser may succeed to
the current registration of an investment adviser or notice
filing of another federal covered investment adviser, by filing
as a successor an application for registration pursuant to W.S.
17-4-401 or 17-4-403 or a notice pursuant to W.S. 17-4-405 for
the unexpired portion of the current registration or notice
filing.
(b) A broker-dealer or investment adviser that changes its
form of organization or state of incorporation or organization
may continue its registration by filing an amendment to its
registration if the change does not involve a material change in
its financial condition or management. The amendment becomes
effective when filed or on a date designated by the registrant
in its filing. The new organization is a successor to the
original registrant for the purposes of this act. If there is a
material change in financial condition or management, the
broker-dealer or investment adviser shall file a new application
for registration. A predecessor registered under this act shall
stop conducting its securities business other than winding down
transactions and shall file for withdrawal of broker-dealer or
investment adviser registration within forty-five (45) days
after filing its amendment to effect succession.
(c) A broker-dealer or investment adviser that changes its
name may continue its registration by filing an amendment to its
registration. The amendment becomes effective when filed or on a
date designated by the registrant.
(d) A change of control of a broker-dealer or investment
adviser may be made in accordance with a rule adopted or order
issued under this act.