48 Neb. Admin. Code, ch. 6, § 007 - DUAL AND MULTIPLE REGISTRATION
Dual and multiple registration is prohibited in Nebraska except when an agent is in the process of transferring his or her registration or when the broker-dealers involved are affiliates.
007.01 Dual registration pending transfer is permitted only if the following conditions are satisfied:
007.01A The agent's new broker-dealer notifies the Director about the transfer within seven days after the agent's termination with his or her former broker-dealer.
007.01B The agent's new broker-dealer submits the agent's Form U4 to the Director within twenty-one days after the notice of termination has been submitted.
007.01C The agent does not have a disciplinary history that must be disclosed on Form U4.
007.02 An agent can be registered with more than one broker-dealer if the broker-dealers involved are affiliates.
007.02A Affiliate means a person who, directly or indirectly, controls, is controlled by, or is under common control with, another person.
007.02B For purposes of this section, control is defined as ownership, directly or beneficially, of eighty percent or more of the outstanding voting securities of another company.
Notes
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Dual and multiple registration is prohibited in Nebraska except when an agent is in the process of transferring his or her registration or when the broker-dealers involved are affiliates.
007.01 Dual registration pending transfer is permitted only if the following conditions are satisfied:
007.01A The agent's new broker-dealer notifies the Director about the transfer within seven days after the agent's termination with his or her former broker-dealer.
007.01B The agent's new broker-dealer submits the agent's Form U4 to the Director within twenty-one days after the notice of termination has been submitted.
007.01C The agent does not have a disciplinary history that must be disclosed on Form U4.
007.02 An agent can be registered with more than one broker-dealer if the broker-dealers involved are affiliates.
007.02A Affiliate means a person who, directly or indirectly, controls, is controlled by, or is under common control with, another person.
007.02B For purposes of this section, control is defined as ownership, directly or beneficially, of eighty percent or more of the outstanding voting securities of another company.