1 Miss. Code. R. 14-6.17 - Change of Material Information; Amendment

The Division shall be notified within thirty (30) days whenever the information contained in any application or amendment for registration as an investment adviser or representative changes in a material way or is or becomes inaccurate or incomplete in any respect. Events requiring notification shall include, but are not limited to, the following:

A. Change in firm name, ownership, management, or control of an investment adviser, or a change in any of its partners, officers, or persons in similar positions, or its business address, or the creation or termination of a branch office in this state. Notice of such change shall be filed with IARD, in accordance with the instructions in Form ADV along with a satisfactory rider or endorsement to the required surety bond.

B. Change in type of entity, general plan, or character of an investment adviser's business or method of operation.

C. Insolvency, dissolution, liquidation, or a material adverse change or impairment of working capital, or noncompliance with the minimum capital or bond requirements.

D. Termination of business or discontinuance of activities as an investment adviser.

E. The naming of an investment adviser, investment adviser representative, principal, officer, and/or employee as a defendant or respondent in one or more of the following instances:

1. Criminal allegations involving any aspect of the securities or any aspect of the securities business, or any felony.

2. Civil allegations involving a security or any aspect of the securities business, or any activity alleging a breach of a fiduciary trust, or fraud.

3. Administrative allegations involving a security or any aspect of the securities business, or any activity alleging a breach of a fiduciary trust, or fraud.

4. Arbitration proceedings with allegations involving a security or any aspect of the securities business, or any activity alleging a breach of a fiduciary trust, or fraud.

5. Any proceeding in which an adverse decision could result in:

a. A denial, suspension, or revocation, or the equivalent of those terms, of a license, permit, certification, registration, or charter;

b. The imposition of a fine or other penalty; or

c. An expulsion or barring from membership in a self-regulatory association or organization.

6. Judgments, liens, and bankruptcy filing proceedings.

Notes

1 Miss. Code. R. 14-6.17

Miss. Code Ann. § 75-71-406(b) (2020).

Amended 6/3/2018 Amended 4/18/2022 Amended 1/29/2024 Amended 3/14/2024