{"data":{"id":"us-ri/r.i.-gen.-laws-7-11-201","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 7-11-201","heading":"Broker-dealer and sales representative licensing.","body":"(a) No person may transact business in this state as a broker-dealer or sales representative unless licensed or exempt from licensing under this chapter.\n(b) No broker-dealer licensed under this chapter and no issuer may employ a person as a sales representative in this state unless the sales representative is licensed or exempt from licensing under this chapter.\n(c) No broker-dealer or issuer engaged in offering securities in this state may employ, directly or indirectly, a person to engage in any activity in this state contrary to a suspension or bar from association with a broker-dealer or investment adviser imposed against that person by the director. No broker-dealer or issuer violates 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 director, by order, may waive the prohibition of this subsection regarding a person suspended or barred.","path":["Title 7 Corporations, Associations, and Partnerships","Chapter 11 Rhode Island Uniform Securities Act","Part II Licensing of Broker-Dealers, Sales Representatives, and Investment Advisers and Investment Adviser Representatives"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE7/7-11/7-II/7-11-201.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T19:17:54Z","sha256":"7b06cdfd5631cc27384187b837d768dba46b66d3181eadd76a3e5447775b2865","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-7-11-101","next":"us-ri/r.i.-gen.-laws-7-11-202"},"notice":"GroundRules: Original legal text. Not legal advice."}