{"data":{"id":"us-va/21vac5-20-95","jurisdiction":"us-va","citation":"21VAC5-20-95","heading":"Employment of an agent by more than one broker-dealer","body":"A. In accordance with § 13.1-504 B of the Act, an agent may be employed by more than one broker-dealer if all of the following conditions are satisfied:\n\n1. Each employing broker-dealer is under common ownership and control as defined in subsection B of this section or as provided under 21VAC5-20-330 C 2 c.\n\n2. Each employing broker-dealer is registered in accordance with 21VAC5-20-10.\n\n3. Each employing broker-dealer agrees to be responsible for the employment activity of the agent.\n\n4. The agent is registered in accordance with 21VAC5-20-90 by and on behalf of each employing broker-dealer.\n\nB. The term \"common ownership and control\" as used in this section means the same individual possesses at least a 50% ownership interest in each employing broker-dealer.","path":["Title 21. Securities And Retail Franchising","Agency 5. State Corporation Commission, Division of Securities And Retail Franchising","Chapter 20. Broker-Dealers, Broker-Dealer Agents and Agents of the Issuer","Part II. Broker-Dealer Agents"],"source_url":"https://law.lis.virginia.gov/admincode/title21/agency5/chapter20/section95/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:53:33Z","sha256":"062a5f16e1af9da047c70d27e2f4f55cad7ee1bc25c097b49ca57242b644364f","source_id":"us-va-vac","stale":false,"prev":"us-va/21vac5-20-90","next":"us-va/21vac5-20-100"},"notice":"GroundRules: Original legal text. Not legal advice."}