Source: https://azcc.gov/securities/licensing-and-registration/registration-and-licensure-exemptions
Timestamp: 2020-04-04 05:33:33
Document Index: 589290259

Matched Legal Cases: ['§ 44', '§ 44', '§ 15', '§ 44', '§ 44', '§ 44']

Registration and Licensure Exemptions | Arizona Corporation Commission
DEALER AND SALESMAN REGISTRATION EXEMPTIONS
The Securities Act of Arizona does not provide a de minimis exemption from dealer or salesman registration requirements.
Provisions that provide an exemption from securities registration requirements may include an exemption from dealer and salesman registration requirements. See Securities Registration Exemptions for specific details. See also A.R.S. § 44-1848(A) and A.A.C. R14-4-104 for exclusions to the exemptions.
A.R.S. § 44-1945(C): exempts from registration salesmen effecting transactions described in §§ 15(h)(2) and (e) of the Securities Exchange Act of 1934.
A.A.C. R14-4-143: dealers and salesmen who use the Internet to distribute information on products and services are not deemed to be selling, purchasing, or offering to sell or buy securities in Arizona if the Internet is used in compliance with rule 143.
A.A.C. R14-4-145: for purposes of electronic venture capital networks, exempts Networks and Operators, as defined by rule 145, from dealer or salesman registration and investment adviser or investment adviser representative licensure.
INVESTMENT ADVISER AND INVESTMENT ADVISER REPRESENTATIVE EXEMPTIONS
A.R.S. § 44-3152(A): de minimis exemption for investment advisers.
A.R.S. § 44-3152(B): Private Fund Adviser Exemption. Effective September 1, 2016.
A.R.S. § 44-3152(J): exemption for registered dealers and salesmen.
A.A.C. R14-4-145: for purposes of electonic venture capital networks, exempts Networks and Operators, as defined by rule 145, from dealer or salesman registration and investment adviser or investment adviser representative licensure.
A.A.C. R14-6-106: investment advisers and investment adviser representatives who use the Internet to distribute information on products and services are not deemed to be transacting business in Arizona if the Internet is used in compliance with rule 106.
A.A.C. R14-6-210: excludes from the definition of investment adviser representative individuals who are employed by federal covered advisers if certain criteria are met.
A.A.C. R14-6-211: excludes from the definition of investment adviser representative an individual who solicits if that individual both does not solicit on a regular basis and does not receive remuneration.