The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
004
:
BROKER-DEALERS, AGENTS, INVESTMENT ADVISERS, INVESTMENT ADVISER REPRESENTATIVES, AND FEDERAL COVERED INVESTMENT ADVISERS
(Cite as: 9 V.S.A. § 5409)
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§ 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.)