NAC90.330. Applicant for licensing: Filing requirements; payment of fee.

     1. An applicant for licensing as a broker-dealer who is not registered with the Financial Industry Regulatory Authority must pay to the Office of the Administrator the fee required by NRS 90.360 and file an application with the Office of the Administrator. The application must include:

     (a) The Uniform Application for Broker-Dealer Registration (Form BD);

     (b) The Uniform Consent to Service of Process (Form U-2);

     (c) A balance sheet prepared in the manner prescribed in NAC 90.335;

     (d) A certificate that he or she has qualified to do business in this State, if qualification is required by NRS 80.010;

     (e) A fidelity bond in the amount of $10,000, issued by a corporate surety qualified to do business in this State, or proof of membership in the Securities Investor Protection Corporation;

     (f) The Uniform Application for Securities Industry Registration or Transfer (Form U-4) for a designated official of the applicant; and

     (g) Proof of successful completion by one or more designated employees of the applicant of:

          (1) The Uniform Securities Agent State Law Examination (Series 63) or the Uniform Combined State Law Examination (Series 66); and

          (2) Any principal examination required by the Financial Industry Regulatory Authority for registration of the applicant.

     2. The original signature of the applicant must be used on the Uniform Application for Broker-Dealer Registration (Form BD) and the Uniform Consent to Service of Process (Form U-2) required by paragraphs (a) and (b) of subsection 1.

     3. An applicant for licensing as a broker-dealer who is registered with the Financial Industry Regulatory Authority must:

     (a) File with the Central Registration Depository the documents required for licensing pursuant to paragraphs (a) to (d), inclusive, of subsection 1; and

     (b) Pay to the Central Registration Depository the fees required by NRS 90.360.

     (Added to NAC by Sec’y of State, eff. 4-22-88; A 10-16-89; 5-23-96; R016-02, 8-6-2002; R033-08, 6-17-2008)