NRS 90.310
Licensing of broker-dealers, sales representatives and transfer agents.

1.

It is unlawful for any person to transact business in this State as a broker-dealer or sales representative unless licensed or exempt from licensing under this chapter.

2.

It is unlawful for any issuer or any broker-dealer licensed under this chapter to employ or contract with a person as a sales representative within this State unless the sales representative is licensed or exempt from licensing under this chapter.

3.

It is unlawful for any person to transact business in this State as a transfer agent unless licensed or exempt from licensing under this chapter.

4.

It is unlawful for a broker-dealer or an issuer engaged in offering securities in this State to employ or contract with, in connection with any of the broker-dealer’s or issuer’s activities in this State, any person who is suspended or barred from association with a broker-dealer or investment adviser by the Administrator. A broker-dealer or issuer does not violate this subsection unless the broker-dealer or issuer knows or in the exercise of reasonable care should know of the suspension or bar. Upon request from a broker-dealer or issuer, and for good cause shown, the Administrator by order may waive the prohibition of this subsection with respect to a particular person who has been suspended or barred.

5.

It is unlawful for any person licensed pursuant to this chapter to share, divide or apportion fees with a person who is effecting or attempting to effect purchases or sales of securities and is not licensed pursuant to the provisions of this chapter.

Source: Section 90.310 — Licensing of broker-dealers, sales representatives and transfer agents., https://www.leg.state.nv.us/NRS/NRS-090.html#NRS090Sec310.

90.310
Licensing of broker-dealers, sales representatives and transfer agents. 90.320
Exempt broker-dealers and sales representatives. 90.330
Licensing of investment advisers and representatives of investment advisers. 90.340
Exempt investment advisers and representatives of investment advisers. 90.350
Application. 90.360
Licensing fees. 90.370
Examinations: Requirement for licensure 90.372
Eligibility of officer or director of issuer for waiver from examination for licensure as sales representative or broker-dealer. 90.375
Application for issuance or renewal of license: Statement regarding obligation of child support required 90.377
Application for renewal of license to include information relating to state business license 90.380
Licensing: General provisions. 90.390
Requirements after licensing. 90.400
Licensing of successor firms. 90.410
Power of inspection. 90.415
Fee for inspection of records. 90.420
Grounds for denial, suspension, revocation, fine or condition. 90.425
Unethical or dishonest practices: Use of certain certifications and professional designations. 90.430
Denial, suspension, revocation, fine or condition on grounds of lack of qualification. 90.435
Mandatory suspension of license for failure to pay child support or comply with certain subpoenas or warrants 90.440
Withdrawal. 90.450
Custody of client’s securities and money.

Last Updated

Jun. 24, 2021

§ 90.310’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_90.310

Original Source: Section 90.310 — Licensing of broker-dealers, sales representatives and transfer agents., https://www.leg.state.nv.us/NRS/NRS-090.html#NRS090Sec310 (last accessed Jun. 24, 2021).