Source: http://delcode.delaware.gov/title6/c073/sc03/
Timestamp: 2018-11-17 14:09:01
Document Index: 292139217

Matched Legal Cases: ['§ 73', '§ 73', '§ 73', '§ 73', '§ 73', '§ 73', '§ 73', '§ 7313', '§ 1', '§ 1', '§ 14', '§ 1', '§ 15', '§ 41', '§ 3', '§ 73', '§ 7314', '§ 1', '§ 1', '§ 3', '§ 4', '§ 1', '§ 16', '§ 49', '§ 3', '§ 73', '§ 7315', '§ 1', '§ 6', '§ 1', '§ 17', '§ 69', '§ 3', '§ 73', '§ 7316', '§ 1', '§ 7', '§ 5', '§ 1', '§ 4', '§ 18', '§ 70', '§ 3', '§ 73', '§ 7317', '§ 1', '§ 26', '§ 1', '§ 23', '§ 71', '§ 3', '§ 73', '§ 7318', '§ 1', '§ 24', '§ 103', '§ 3', '§ 73', '§ 3910', '§ 3910', '§ 3910', '§ 3']

§ 73-301 § 73-302 § 73-303 § 73-304 § 73-305 § 73-306 § 73-307
6 Del. C. 1953, § 7313; 59 Del. Laws, c. 208, § 1; 63 Del. Laws, c. 161, § 1; 68 Del. Laws, c. 181, § 14; 70 Del. Laws, c. 186, § 1; 71 Del. Laws, c. 162, § 15; 78 Del. Laws, c. 175, §§ 41-48, 98, 118; 79 Del. Laws, c. 182, § 3.;
§ 73-302 Registration and notice filing procedure for broker-dealers, agents, investment advisers, federal covered advisers and investment adviser representatives.
6 Del. C. 1953, § 7314; 59 Del. Laws, c. 208, § 1; 65 Del. Laws, c. 220, §§ 1-3; 67 Del. Laws, c. 274, §§ 3-5; 68 Del. Laws, c. 181, §§ 4, 15, 28; 70 Del. Laws, c. 186, § 1; 71 Del. Laws, c. 162, § 16; 78 Del. Laws, c. 175, §§ 49-68, 99, 118; 79 Del. Laws, c. 182, § 3.;
§ 73-303 Post-registration provisions for broker-dealers, investment advisers and federal covered advisers.
6 Del. C. 1953, § 7315; 59 Del. Laws, c. 208, § 1; 67 Del. Laws, c. 274, § 6; 70 Del. Laws, c. 186, § 1; 71 Del. Laws, c. 162, § 17; 78 Del. Laws, c. 175, §§ 69, 100, 118; 79 Del. Laws, c. 182, § 3.;
§ 73-304 Denial, revocation, suspension, cancellation and withdrawal of registration of broker-dealers, agents, investment advisers and investment adviser representatives.
6 Del. C. 1953, § 7316; 59 Del. Laws, c. 208, § 1; 67 Del. Laws, c. 274, §§ 7-9; 68 Del. Laws, c. 181, §§ 5-11, 13, 25; 70 Del. Laws, c. 186, § 1; 70 Del. Laws, c. 560, § 4; 71 Del. Laws, c. 162, §§ 18-22; 78 Del. Laws, c. 175, §§ 70, 101, 118; 79 Del. Laws, c. 182, § 3.;
§ 73-305 Advisory activities.
6 Del. C. 1953, § 7317; 59 Del. Laws, c. 208, § 1; 68 Del. Laws, c. 181, § 26; 70 Del. Laws, c. 186, § 1; 71 Del. Laws, c. 162, § 23; 78 Del. Laws, c. 175, §§ 71-73, 102, 118; 79 Del. Laws, c. 182, § 3.;
§ 73-306 Trading markets.
6 Del. C. 1953, § 7318; 59 Del. Laws, c. 208, § 1; 71 Del. Laws, c. 162, § 24; 78 Del. Laws, c. 175, §§ 103, 118; 79 Del. Laws, c. 182, § 3.;
§ 73-307 Protection of vulnerable adults from financial exploitation [Effective Nov. 27, 2018]
(a) If a qualified individual reasonably believes that financial exploitation of an eligible adult may have occurred, may have been attempted, or is being attempted, the qualified individual shall promptly, but in no event more than 5 business days after the suspicion of financial exploitation, notify both the Director and the Department of Health and Social Services as consistent with § 3910 of Title 31. If more than 1 qualified individual working at the same broker-dealer or investment adviser suspects financial exploitation, that broker-dealer or investment adviser does not need to make more than 1 notification to the Director and one notification to the Department of Health and Social Services.
(b) If a qualified individual reasonably believes that financial exploitation of an eligible adult may have occurred, may have been attempted, or is being attempted, a qualified individual may notify any third party previously designated by the eligible adult, or otherwise permitted under existing law, rule, or regulation. Disclosure may not be made to any designated third party that is suspected of financial exploitation or other abuse of the eligible adult.
(c) A broker-dealer or investment adviser may delay a disbursement from an account of an eligible adult or an account on which an eligible adult is a beneficiary if:
(1) A qualified individual reasonably believes, after initiating an internal review of the requested disbursement and the suspected financial exploitation, that the requested disbursement may result in financial exploitation of an eligible adult; and
(2) The broker-dealer or investment adviser:
a. Immediately, but in no event more than 2 business days after the delayed disbursement, provides written notification of the delay and the reason for the delay to all parties authorized to transact business on the account, unless any such party is reasonably believed to have engaged in suspected or attempted financial exploitation of the eligible adult;
b. Immediately, but in no event more than 2 business days after the delayed disbursement, notifies the Director and the Department of Health and Social Services as consistent with § 3910 of Title 31; and
c. Continues its internal review of the suspected or attempted financial exploitation of the eligible adult, as necessary, and provides a status report to the Director and Adult Protective Services (as consistent with § 3910 of Title 31) upon the request of the Director or the Department of Health and Social Services.
(3) Any delay of a disbursement as authorized by this section will expire upon the sooner of:
a. A determination by the broker-dealer or investment adviser that the disbursement will not result in financial exploitation of the eligible adults; or
b. Ten business days after the date on which the broker-dealer or investment adviser first delayed disbursement of the funds, unless the Director requests that the broker dealer or investment adviser extend the delay or the broker-dealer or investment adviser has not heard from either the Director or the Department of Health and Social Services. In either case, the delay shall expire no more than 40 business days after the date on which the broker-dealer or investment adviser first delayed the disbursement of the funds unless otherwise terminated or extended by the Director or an order of a court of competent jurisdiction.
(4) A court of competent jurisdiction may enter an order extending the delay of the disbursement of funds or may order other protective relief based on the petition of the Director, the broker-dealer or investment adviser that initiated the delay, or other interested party.
(d) A broker-dealer or investment adviser shall provide access to or copies of records that are relevant to the suspected or attempted financial exploitation of an eligible adult to agencies charged with administering state adult protective services laws and to law enforcement, either as part of a referral to the agency or to law enforcement, or upon request of the agency or law enforcement pursuant to an investigation. The records may include historical records as well as records relating to the most recent transaction or transactions that may comprise financial exploitation of an eligible adult. Records made available under this section are not public records. Nothing in this provision shall limit or otherwise impede the authority of the Director to access or examine the books and records of broker-dealers and investment advisers as otherwise provided by law.
(e) A qualified individual that, in good faith and exercising reasonable care, complies with subsection (a), (b), or (c) of this section shall be immune from any administrative or civil liability that might otherwise arise from such action.
81 Del. Laws, c. 387, § 3.;