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Searching 2021-2022 Session

The Vermont Statutes Online


Title 9 : Commerce and Trade

Chapter 150 : SECURITIES ACT

Subchapter 004 : Broker-Dealers, Agents, Investment Advisers, Investment Adviser Representatives, and Federal Covered Investment Advisers

(Cite as: 9 V.S.A. § 5409)
  • § 5409. Withdrawal of registration of broker-dealer, agent, investment adviser, and investment representative

    Withdrawal of registration by a broker-dealer, agent, investment adviser, or investment adviser representative becomes effective 60 days after the filing of the application to withdraw or within any shorter period as provided by rule adopted or order issued under this chapter unless a revocation or suspension proceeding is pending when the application is filed. If a proceeding is pending, withdrawal becomes effective when and upon such conditions as required by rule adopted or order issued under this chapter. The Commissioner may institute a revocation or suspension proceeding under section 5412 of this chapter within one year after the withdrawal became effective automatically and issue a revocation or suspension order as of the last date on which registration was effective if a proceeding is not pending. (Added 2005, No. 11, § 1, eff. July 1, 2006.)