Haw. Code R. § 16-39-422 - Application

(a) An application for registration of an agent shall be filed on Form U-4, which shall be filed with the commissioner directly or through the CRD. If the broker-dealer is not registered through the CRD, an originally executed Form U-4 and fees shall be filed with the commissioner directly.

(b) The application shall be filed together with the following:

(1) The application fee set forth in section 16-39-103; and

(2) Evidence of compliance with section 16-39-421.

(c) The commissioner may also require additional information regarding the applicant's history, record, and association including without limitation the following:

(1) Disclosure of any injunction or administrative order or conviction of a misdemeanor involving a security or any aspect of the securities business and any conviction of a felony;

(2) The applicant's financial condition and history;

(3) Disclosure as to whether the agent or any person associated in business with the agent is subject to any disqualification which would be a basis for denial, suspension, or revocation of registration of the agent under section 16-39-470 or chapter 485A, HRS; and

(4) Any additional information that the commissioner deems necessary to establish the applicant's qualifications.

(d) All documents submitted to the commissioner shall be approved and registration shall become effective at noon on the forty-fifth calendar day after the submission of a completed application unless otherwise provided by state or federal law or unless an earlier effective date is specified by the commissioner.

(e) An agent's application that has been on file for a period of sixty calendar days with no attempt to comply with any notice of deficiency may be denied by the commissioner or withdrawn. The commissioner shall provide written notification of the denial to the broker-dealer or issuer with which the applicant is affiliated. If the application was filed through the CRD, the notification may be provided through the CRD.

Notes

Haw. Code R. § 16-39-422

[Eff 6/30/08] (Auth: HRS §§ 485A-402, 485A-606) (Imp: HRS §§ 485A-402, 485A-406, 485A-410) Comp 11/18/2023