Salespersons for Issuers – Termination of Registration Rulemaking

Industry: 
Securities
Rulemaking Status: 
Adopted

The Securities Division has adopted a new rule at WAC 460 23B-070 regarding the termination of salespersons for issuers. The new rule specifies that if the employment or association of a salesperson for an issuer is terminated, the salesperson and the issuer must notify the Securities Division of the termination by filing Form U5 with the Division.