Change of Material Information; Amendments

Change of Material Information; Amendments. The Division must be notified within thirty (30) days whenever the information contained in any application or amendment for registration as a broker-dealer and/or agent changes in a material way or is or becomes inaccurate or incomplete in any respect. All amendments for FINRA-member broker-dealers and agents shall be filed through the CRD. Amendments for non-FINRA-member broker-dealers and agents shall be submitted directly to the Division. Events requiring notice shall include, but are not limited to, the following: A. A change in ownership, management, form of organization or state of organization, or incorporation or control of a broker-dealer; B. A change in any of the broker-dealer's officers, partners, or controlling persons; C. The establishment or change in location or mailing address of any office in this state; D. A change in the name of a broker-dealer; E. If applicable, any necessary modifications to ensure compliance with Subsection (B)(2) of Rule 5.01; F. A change in type of entity, general plan, character of business, method of operation, or type of securities in which dealing or trading is being effected; G. Termination of business or discontinuance of activities as a broker-dealer; and H. The naming of a broker-dealer, principal, officer, and/or agent as a defendant or respondent in one or more of the following instances: 1. Criminal allegations involving securities or any aspect of the securities business, or any felony. 2. Civil allegations involving a security, any aspect of the securities business, any activity alleging a breach of a fiduciary trust, or fraud. 3. Administrative allegations involving a security, any aspect of the securities business, any activity alleging a breach of a fiduciary trust, or fraud. 4. Arbitration proceedings with allegations involving a security, any aspect of the securities business, 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, registration, or charter; b. The imposition of a fine or other penalty; or c. An expulsion or barring from membership in an association or organization. 6. Judgments, liens, and bankruptcy filing proceedings.