V.I. Code tit. 9, § 638 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 23 - Uniform Securities Act|Subchapter IV - Broker-Dealers, Agents, Investment Advisers, Investment Adviser Representatives, and Federal Covered Investment Advisers|§ 638. Termination of employment or association of agents and investment adviser representative and transfer of employment or association

 (a) If an agent registered under this chapter terminates employment by or association with a broker-dealer or issuer, or if an investment adviser representative registered under this chapter terminates employment by or association with an investment adviser or federal covered investment adviser, or if either registrant terminates activities that require registration as an agent or investment adviser representative, the broker-dealer, investment adviser, or federal covered investment adviser shall promptly file a notice of termination. If the registrant learns that the broker-dealer, issuer, investment adviser, or federal covered investment adviser has not filed the notice, the registrant may do so. (b) If an agent registered under this chapter terminates employment by or association with a broker-dealer registered under this chapter and begins employment by or association with another broker-dealer registered under this chapter, or if an investment adviser representative registered under this chapter terminates employment by or association with an investment adviser registered under this chapter, or a federal covered investment adviser, who has filed a notice under section 635 and begins employment by or association with another investment adviser registered under this chapter or a federal covered investment adviser, who has filed a notice under section 635, then upon the filing by or on behalf of the registrant, within 30 days after the termination, of an application for registration that complies with the requirement of section 636(a) and payment of the filing fee required under section 640, the registration of the agent or investment adviser representative, is: (1) immediately effective as of the date of the completed filing if the agent's Central Registration Depository record or successor record or the investment adviser representative's Investment Adviser Registration Depository record or successor record does not contain a new or amended disciplinary disclosure within the previous 12 months; or (2) temporarily effective as of the date of the completed filing if the agent's Central Registration Depository record or the investment adviser representative's Investment Advisor Registration Depository record contains a new or amended disciplinary disclosure within the preceding 12 months. (c) The Administrator may withdraw a temporary registration if there are or were grounds for discipline under section 642 and the Administrator does so within 30 days after the filing of the application. If the Administrator does not withdraw the temporary registration within the 30 day period, registration becomes automatically effective on the 31st day after filing. (d) The Administrator may prevent the effectiveness of a transfer of an agent or investment adviser representative under subsection (b)(1) or (2) based on the public interest and the protection of investors. (e) If the Administrator determines that a registrant or applicant for registration is no longer in existence or has ceased to act as a broker-dealer, agent, investment adviser, or investment adviser representative, or is the subject of an adjudication of incapacity or is subject to the control of a committee, conservator, or guardian, or cannot reasonably be located, a rule or order under this chapter may require the registration be canceled or terminated or the application denied. The Administrator may reinstate a canceled or terminated registration, with or without hearing, and may make the registration retroactive.