October 15, 1981
RULES ON REGISTRATION AND LICENSING OF STOCKBROKERS, DEALERS IN SECURITIES AND THEIR SALESMEN (AS AMENDED)
For the information and guidance of all concerned, the following guidelines and rules on the registration and licensing of stockbrokers, dealers in securities, and their salesmen under Section 19 of the Revised Securities Act, are hereby promulgated by this Commission pursuant to the powers vested in it by existing laws:
1. Registration/Licensing of Stock Brokers and Dealers in Securities
1. Every application for registration/licensing of stock broker or dealer in securities shall be filed in SEC Form No. 3, which must be verified under oath. Cdpr
2. The application shall be submitted in two (2) copies accompanied by the following papers or documents:
1) Five testimonial letters attesting to the good repute of all the persons named in the application as managing or administering the affairs of the applicant, that such persons are honest and scrupulous and that applicant is fully qualified to engage in the business of stock broker or dealer in securities, passport size photo of all officers/directors named in the...
