MCL - 551-2008-4

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Chapter 451
Act 551 of 2008
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UNIFORM SECURITIES ACT (2002) (EXCERPT)


Act 551 of 2008

ARTICLE 4

BROKER-DEALERS, AGENTS, INVESTMENT ADVISERS, INVESTMENT ADVISER REPRESENTATIVES, AND FEDERAL COVERED INVESTMENT ADVISERS

Document Type Description
Section 451.2401 Section Broker-dealer registration; requirements; exemptions; limitation on employment or association; employment or association with certain individuals prohibited; rule or order.
Section 451.2402 Section Agent registration; requirements; exemptions; employment or association; acting as agent for more than 1 broker-dealer or issuer; exception.
Section 451.2403 Section Investment advisor registration; requirements; exemptions; employment or association with certain individuals prohibited; exception.
Section 451.2404 Section Investment advisor representative; registration; requirements; exemption; employment or association; transacting business for more than 1 investment adviser; referral fees.
Section 451.2405 Section Federal covered investment adviser; filing requirements; exceptions; notice; effectiveness of filing.
Section 451.2406 Section Registration by broker-dealer, agent, investment adviser, or investment adviser representative; application; fee; correcting amendment; effectiveness of registration; renewal; other conditions or waivers.
Section 451.2407 Section Succession or change in registration of broker-dealer or investment adviser; change in organization, name, or control.
Section 451.2408 Section Termination of employment or association of agent and investment adviser representative; notice; other employment or association; withdrawal of temporary registration; power of administrator to prevent transfer; cancellation or termination of registration or application; reinstatement.
Section 451.2409 Section Withdrawal of registration by broker-dealer, agent, investment adviser, or investment adviser representative.
Section 451.2410 Section Filing fees.
Section 451.2411 Section Financial requirements; reports; records; audits or inspections; custody and discretionary authority bond or insurance; furnishing information to clients; continuing education.
Section 451.2412 Section Denial, revocation, suspension, withdrawal, restriction, condition, or limitation of registration; discipline; examination; summary actions; liability of control person; limitation on proceeding.
Section 451.2413 Section Broker-dealer acting as finder; prohibited conduct.