According to section 15(a) (1) of SEC Act, it is unlawful for the brokers/dealers to effect any transactions or inducer the purchase or sale of a security without being registered with the Commission.
The brokers/dealers can register themselves by filling prescribed application Form, which questions the background of the brokers and their principals, controlling persons and employees.
After the completed application is filed, the SEC will either grant registration, or begin proceedings to determine whether it should deny registration within 45 days.
The brokers/dealers can register themselves by filling prescribed application Form, which questions the background of the brokers and their principals, controlling persons and employees.
After the completed application is filed, the SEC will either grant registration, or begin proceedings to determine whether it should deny registration within 45 days.