Section 4.08. Withdrawal of registrations.

 

(1)  An application for withdrawal from the status of a registered broker-dealer under s. 551.409 , Stats., shall be filed by the registrant on Form BDW with the central registration depository. If the registrant has any open customer accounts in this state, the settlement of those accounts is a condition of its withdrawal. Additional information may be required by the division and withdrawal is not effective until electronically noticed through the central registration depository.

(2)  An application for withdrawal from the status of a registered agent shall be filed by the broker-dealer or issuer which the agent represents within 30 days of the termination of the agent's employment on Form U-5 prescribed in s. DFI-Sec 9.01 (1) , together with any additional information required by the division.

History: Cr. Register, December, 1977, No. 264 , eff. 1-1-78; am. (1) and (2), Register, December, 1979, No. 288 , eff. 1-1-80; am. (2), Register, December, 1982, No. 324 , eff. 1-1-83; am. (2), Register, December, 1984, No. 348 , eff. 1-1-85 ; am. (1), Register, December, 1994, No. 468 , eff. 1-1-95 ; correction in (1) made under s. 13.93 (2m) (b) 7., Stats., Register, August, 1999, No. 524 ; CR 08-077 : am. Register December 2008 No. 636 , eff. 1-1-09.