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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 660. Department of Securities |
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Chapter 11. Oklahoma Uniform Securities Act of 2004 |
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Subchapter 5. Broker-Dealers and Agents |
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Part 3. LICENSING PROCEDURES |
SECTION 660:11-5-13. Agent transfer
Latest version.
- An agent who wishes to terminate his employment with one registered broker-dealer and thereafter commence employment with another broker-dealer may do so without causing a suspension in the agent's registration if all of the following conditions are met:(1) Both the terminating and employing broker-dealers are members of the Financial Industry Regulatory Authority, Inc.(2) The transfer is effected in accordance with the terms and conditions of the NASAA/FINRA Central Registration Depository Temporary Agent Transfer Program.(3) The employing broker-dealer has executed and filed an "Undertaking for Participation in the NASAA/FINRA Central Registration Depository TAT Program."(4) The employing broker-dealer currently is not subject to an order of the Administrator which would otherwise make this section unavailable.