10 Pa. Code § 301.020 - Agent transfers

An agent who wishes to end employment with one registered broker-dealer and thereafter begin employment with another registered broker-dealer may do so without causing a suspension in the agent's registration with the Department if all of the following conditions are met:

(1) Both the terminating and employing broker-dealers are members of FINRA.

(2) The transfer is effected in accordance with the terms, conditions and execution of Item 15 of the Uniform Application for Securities Industry Registration or Transfer (Form U-4).

Notes

10 Pa. Code § 301.020

The provisions of this § 301.020 adopted October 26, 1984, effective 10/27/1984, 14 Pa.B. 3909; amended December 28, 2001, effective 12/29/2001, 31 Pa.B. 7032; transferred and renumbered from 64 Pa. Code § 301.020, December 14, 2012, effective 12/15/2012, 42 Pa.B. 7533; amended January 12, 2018, effective 1/13/2018, 48 Pa.B. 389.

The provisions of this § 301.020 amended under sections 301(b) and 609(a) of the Pennsylvania Securities Act of 1972 (70 P.S. §§ 1-301(b) and 1-609(a)); section 202.C of the Department of Banking and Securities Code (71 P.S. § 733-202.C); and section 9(b) of the Takeover Disclosure Law (70 P.S. § 79(b)).