Regulatory Alerts2013-01-11
Policy No. S-03-2005, Dual Registration
The Louisiana Office of Financial Institutions establishes guidelines governing the dual registration of broker-dealer agents and investment adviser representatives. Dual registration requires holding simultaneous licenses with multiple broker-dealer firms or multiple investment adviser firms, explicitly excluding mixed single-firm arrangements. Although generally disapproved, the policy permits dual registration when the involved firms are legally affiliated and receive explicit Commissioner approval.
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