{"data":{"id":"us-ok/okla.-stat.-tit.-71-71-1-408","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 71, § 71-1-408","heading":"Termination of employment or association of agent and","body":"investment adviser representative - Transfer of employment or\n\nassociation.\n\nA. If an agent registered under this act terminates employment\n\nby or association with a broker-dealer or issuer, or if an\n\ninvestment adviser representative registered under this act\n\nterminates employment by or association with an investment adviser\n\nor federal covered investment adviser, or if either registrant\n\nterminates activities that require registration as an agent or\n\ninvestment adviser representative, the broker-dealer, issuer,\n\ninvestment adviser, or federal covered investment adviser shall\n\npromptly file a notice of termination. If the registrant learns\n\nthat the broker-dealer, issuer, investment adviser, or federal\n\ncovered investment adviser has not filed the notice, the registrant\n\nmay do so.\n\nB. If an agent registered under this act terminates employment\n\nby or association with a broker-dealer registered under this act and\n\nbegins employment by or association with another broker-dealer\n\nregistered under this act; or if an investment adviser\n\nrepresentative registered under this act terminates employment by or\n\nassociation with an investment adviser registered under this act; or\n\na federal covered investment adviser that has filed a notice under\n\nSection 1-405 of this title, and begins employment by or association\n\nwith another investment adviser registered under this act or a\n\nfederal covered investment adviser that has filed a notice under\n\nSection 1-405 of this title; then upon the filing by or on behalf of\n\nthe registrant, within thirty (30) days after the termination, of an\n\napplication for registration that complies with the requirement of\n\nsubsection A of Section 1-406 of this title, and payment of the\n\nfiling fee required under Section 1-612 of this title, the\n\nregistration of the agent or investment adviser representative, is:\n\n1. Immediately effective as of the date of the completed filing\n\nif the agent's Central Registration Depository record or successor\n\nrecord or the investment adviser representative's Investment Adviser\n\nRegistration Depository record or successor record does not contain\n\na new or amended disciplinary disclosure within the previous twelve\n\n(12) months; or\n\n2. Temporarily effective as of the date of the completed\n\nfiling, if the agent's Central Registration Depository record or\n\nsuccessor record or the investment adviser representative's\n\nInvestment Adviser Registration Depository record or successor\n\nrecord contains a new or amended disciplinary disclosure within the\n\npreceding twelve (12) months.\n\nC. The Administrator may withdraw the temporary registration if\n\nthere are or were grounds for discipline under Section 1-411 of this\n\ntitle and the Administrator does so within thirty (30) days after\n\nthe filing of the application. If the Administrator does not\n\nwithdraw the temporary registration within the 30 day period,\n\nregistration becomes automatically effective on the 31st day after\n\nfiling.\n\nD. The Administrator may prevent the effectiveness of a\n\ntransfer of an agent or investment adviser representative under\n\nparagraph 1 or 2 of subsection B of this section based on the public\n\ninterest and the protection of investors.\n\nE. If the Administrator determines that a registrant or\n\napplicant for registration is no longer in existence or has ceased\n\nto act as a broker-dealer, agent, investment adviser, or investment\n\nadviser representative, or is the subject of an adjudication of\n\nincapacity or is subject to the control of a committee, conservator,\n\nor guardian, or cannot reasonably be located, a rule adopted or\n\norder issued under this act may require the registration be canceled\n\nor terminated or the application denied. The Administrator may\n\nreinstate a canceled or terminated registration, with or without\n\nhearing, and may make the registration retroactive.","path":["OK Code","Title 71"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os71.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"b63df740c7f5dd6923b0f3aa2ac120cbdceeb289978aaf1858aef676f5787560","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-71-71-1-407","next":"us-ok/okla.-stat.-tit.-71-71-1-409"},"notice":"GroundRules: Original legal text. Not legal advice."}