State Codes and Statutes
Statutes > Missouri > T26 > C409 > 409_4-407Succession and change in registration of broker-dealer or investmentadviser.
409.4-407. (a) A broker-dealer or investment adviser may succeed tothe current registration of another broker-dealer or investment adviser ora notice filing of a federal covered investment adviser, and a federalcovered investment adviser may succeed to the current registration of aninvestment adviser or notice filing of another federal covered investmentadviser, by filing as a successor an application for registration pursuantto section 409.4-401 or 409.4-403 or a notice pursuant to section 409.4-405for the unexpired portion of the current registration or notice filing.
(b) A broker-dealer or investment adviser that changes its form oforganization or state of incorporation or organization may continue itsregistration by filing an amendment to its registration if the change doesnot involve a material change in its financial condition or management.The amendment becomes effective when filed or on a date designated by theregistrant in its filing. The new organization is a successor to theoriginal registrant for the purposes of this act. If there is a materialchange in financial condition or management, the broker-dealer orinvestment adviser shall file a new application for registration. Apredecessor registered under this act shall stop conducting its securitiesbusiness other than winding down transactions and shall file for withdrawalof broker-dealer or investment adviser registration within forty-five daysafter filing its amendment to effect succession.
(c) A broker-dealer or investment adviser that changes its name maycontinue its registration by filing an amendment to its registration. Theamendment becomes effective when filed or on a date designated by theregistrant.
(d) A change of control of a broker-dealer or investment adviser maybe made in accordance with a rule adopted or order issued under this act.
(L. 2003 H.B. 380)Effective 9-01-03
