reglab/housing_qa huggingface dataset:
NV Rev Stat § 90.330 (2021)
2021 Nevada Revised Statutes|Chapter 90 - Securities (Uniform Act)|NRS 90.330 - Licensing of investment advisers and representatives of investment advisers.

  1. It is unlawful for any person to transact business in this State as an investment adviser or as a representative of an investment adviser unless licensed or exempt from licensing under this chapter.  2. It is unlawful for an investment adviser to employ, to engage in any activity in this State, any person who is suspended or barred from association with a broker-dealer or investment adviser by the Administrator. An investment adviser does not violate this subsection unless the investment adviser knows or in the exercise of reasonable care should know of the suspension or bar. Upon request from an investment adviser and for good cause shown, the Administrator, by order, may waive the prohibition of this subsection with respect to a person suspended or barred.  (Added to NRS by 1987, 2154; A 1989, 160; 1995, 1442)
NV Rev Stat § 90.340 (2021)
2021 Nevada Revised Statutes|Chapter 90 - Securities (Uniform Act)|NRS 90.340 - Exempt investment advisers and representatives of investment advisers.

  1. The following persons are exempt from licensing under NRS 90.330:  (a) An investment adviser who is registered or is not required to be registered as an investment adviser under the Investment Advisers Act of 1940 if:  (1) Its only clients in this State are other investment advisers, broker-dealers or financial or institutional investors;  (2) The investment adviser has no place of business in this State and directs business communications in this State to a person who is an existing client of the investment adviser and whose principal place of residence is not in this State; or  (3) The investment adviser has no place of business in this State and during any 12 consecutive months it does not direct business communications in this State to more than five present or prospective clients other than those specified in subparagraph (1), whether or not the person or client to whom the communication is directed is present in this State;  (b) A representative of an investment adviser who is employed by an investment adviser who is exempt from licensing pursuant to paragraph (a);  (c) A sales representative licensed pursuant to NRS 90.310 who:  (1) Has passed the following examinations administered by the Financial Industry Regulatory Authority:  (I) The Uniform Investment Adviser Law Examination, designated as the Series 65 examination; or  (II) The Uniform Combined State Law Examination designated as the Series 66 examination and the General Securities Registered Representative Examination, designated as the Series 7 examination; or  (2) On January 1, 1996, has been continuously licensed in this State as a sales representative for 5 years or more; and  (d) Other investment advisers and representatives of investment advisers the Administrator by regulation or order exempts.  2. The Administrator may, by order or rule, waive the examinations required by subparagraph (1) of paragraph (c) of subsection 1 for an applicant or a class of applicants if the Administrator determines that the examination is not necessary for the protection of investors because of the training and experience of the applicant or class of applicants.  (Added to NRS by 1987, 2155; A 1989, 160; 1995, 1443; 2009, 2556)
NV Rev Stat § 90.350 (2021)
2021 Nevada Revised Statutes|Chapter 90 - Securities (Uniform Act)|NRS 90.350 - Application. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

  1. Except as otherwise provided in subsection 3, an applicant for licensing as a broker-dealer, sales representative, investment adviser, representative of an investment adviser or transfer agent must file with the Administrator an application for licensing and a consent to service of process pursuant to NRS 90.770 and pay the fee required by NRS 90.360. The application for licensing must contain the social security number of the applicant and any other information the Administrator determines by regulation to be necessary and appropriate to facilitate the administration of this chapter.  2. The requirements of subsection 1 are satisfied by an applicant who has filed and maintains a completed and current registration with the Securities and Exchange Commission or a self-regulatory organization if the information contained in that registration is readily available to the Administrator through the Investment Adviser Registration Depository, the Central Registration Depository or another depository for registrations that has been approved by the Administrator by regulation or order. Except as otherwise provided in subsection 3, such an applicant must also file a notice with the Administrator in the form and content determined by the Administrator by regulation and a consent to service of process pursuant to NRS 90.770 and the fee required by NRS 90.360. The Administrator, by order, may require the submission of additional information by an applicant.  3. An applicant for licensing as a transfer agent is not required to pay the fee required by NRS 90.360.  4. As used in this section:  (a) "Central Registration Depository" means the Central Registration Depository of the Financial Industry Regulatory Authority, or its successor, and the North American Securities Administrators Association or its successor.  (b) "Investment Adviser Registration Depository" means the Investment Adviser Registration Depository of the Financial Industry Regulatory Authority, or its successor, and the North American Securities Administrators Association or its successor.  (Added to NRS by 1987, 2155; A 1989, 152; 1995, 1443; 1997, 2036; 1999, 520, 540; 2001, 1154; 2003, 325; 2007, 1337; 2009, 2557)
NV Rev Stat § 90.350 (2021)
2021 Nevada Revised Statutes|Chapter 90 - Securities (Uniform Act)|NRS 90.350 - Application. [Effective on the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

  1. Except as otherwise provided in subsection 3, an applicant for licensing as a broker-dealer, sales representative, investment adviser, representative of an investment adviser or transfer agent must file with the Administrator an application for licensing and a consent to service of process pursuant to NRS 90.770 and pay the fee required by NRS 90.360. The application for licensing must contain the information the Administrator determines by regulation to be necessary and appropriate to facilitate the administration of this chapter.  2. The requirements of subsection 1 are satisfied by an applicant who has filed and maintains a completed and current registration with the Securities and Exchange Commission or a self-regulatory organization if the information contained in that registration is readily available to the Administrator through the Investment Adviser Registration Depository, the Central Registration Depository or another depository for registrations that has been approved by the Administrator by regulation or order. Except as otherwise provided in subsection 3, such an applicant must also file a notice with the Administrator in the form and content determined by the Administrator by regulation and a consent to service of process pursuant to NRS 90.770 and the fee required by NRS 90.360. The Administrator, by order, may require the submission of additional information by an applicant.  3. An applicant for licensing as a transfer agent is not required to pay the fee required by NRS 90.360.  4. As used in this section:  (a) "Central Registration Depository" means the Central Registration Depository of the Financial Industry Regulatory Authority, or its successor, and the North American Securities Administrators Association or its successor.  (b) "Investment Adviser Registration Depository" means the Investment Adviser Registration Depository of the Financial Industry Regulatory Authority, or its successor, and the North American Securities Administrators Association or its successor.  (Added to NRS by 1987, 2155; A 1989, 152; 1995, 1443; 1997, 2036; 1999, 520, 540; 2001, 1154; 2003, 325; 2007, 1337, 1338; 2009, 2557, effective on the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings)
NV Rev Stat § 90.360 (2021)
2021 Nevada Revised Statutes|Chapter 90 - Securities (Uniform Act)|NRS 90.360 - Licensing fees.

  1. An applicant for licensing shall pay a nonrefundable licensing fee, due annually in the following amounts:  (a) Broker-dealer, $300.  (b) Sales representative, $125.  (c) Investment adviser, $300.  (d) Representative of an investment adviser, $110.  2. The Administrator by regulation shall require licensing of branch offices. A broker-dealer who desires to obtain a branch office license must, in addition to complying with any other requirements established by the Administrator for such a license, submit an application for the license and pay a fee of $100. If any change occurs in the information set forth in an application made pursuant to this subsection, the applicant shall, within 30 days after the change, file an amendment to the application and pay a fee of $50. A license obtained pursuant to this subsection expires on December 31 of each year. The license must be renewed annually on or before December 31 by paying a fee of $100.  3. For the purpose of this section, a "branch office" means any place of business in this State other than the principal office in the state of the broker-dealer, from which one or more sales representatives transact business.  (Added to NRS by 1987, 2155; A 1989, 160; 1991, 594; 1995, 1444; 2003, 20th Special Session, 24, 114; 2010, 26th Special Session, 76)
NV Rev Stat § 90.370 (2021)
2021 Nevada Revised Statutes|Chapter 90 - Securities (Uniform Act)|NRS 90.370 - Examinations: Requirement for licensure; administration; waiver.

  1. Except as otherwise provided in NRS 90.372, the Administrator by regulation or order may require an examination of an applicant applying for licensing under this chapter, a class of applicants, or a class of persons who will represent an investment adviser in performing an act that requires licensing as an investment adviser in this State.  2. Any examination required must be administered by the Administrator or the designee of the Administrator. Examinations may be oral or written, or both, and may differ for each class of applicants.  3. The Administrator by order may waive any requirement for examination imposed pursuant to subsection 1 as to any person or class of persons if the Administrator determines that an examination is not necessary for the protection of investors by reason of the training and experience of the applicant or class of applicants.  (Added to NRS by 1987, 2156; A 1989, 160; 1997, 500)
NV Rev Stat § 90.372 (2021)
2021 Nevada Revised Statutes|Chapter 90 - Securities (Uniform Act)|NRS 90.372 - Eligibility of officer or director of issuer for waiver from examination for licensure as sales representative or broker-dealer.

  1. The Administrator shall grant to a bona fide officer or director of an issuer a waiver from the examination required for licensure as a sales representative or broker-dealer if:  (a) The securities of the issuer:  (1) Are registered under the Securities Exchange Act of 1934; or  (2) Comply with the requirements of Regulation D of the Securities and Exchange Commission, 17 C.F.R. §§ 230.501 to 230.506, inclusive, except for 17 C.F.R. § 230.504, and are exempt from registration by regulation of the Administrator;  (b) The officer or director does not receive a commission or other compensation for the sale of the issuer’s securities; and  (c) The officer or director files with the Administrator an affidavit which states that the officer or director:  (1) Is an officer or director of the issuer;  (2) Will not be receiving a commission or other compensation for the sale of the issuer’s securities;  (3) Understands that the waiver applies only to the sale of the issuer’s securities; and  (4) Agrees to provide to prospective purchasers of the issuer’s securities such pamphlets, circulars, literature or other information as may be required by regulation or order of the Administrator.  2. If the officer or director sells or offers to sell any securities other than the securities of the issuer, the officer or director must pass the examination for licensure as a sales representative or broker-dealer unless the examination is otherwise waived by the Administrator pursuant to NRS 90.370.  (Added to NRS by 1997, 499)
NV Rev Stat § 90.375 (2021)
2021 Nevada Revised Statutes|Chapter 90 - Securities (Uniform Act)|NRS 90.375 - Application for issuance or renewal of license: Statement regarding obligation of child support required; grounds for denial of license; duty of Administrator. [Effective until the date of the repeal of 42 U.S.C. § 666, the federal law requiring each state to establish procedures for withholding, suspending and restricting the professional, occupational and recreational licenses for child support arrearages and for noncompliance with certain processes relating to paternity or child support proceedings.]

  1. An applicant for the issuance or renewal of a license as a broker-dealer, sales representative, investment adviser, representative of an investment adviser or transfer agent shall submit to the Administrator the statement prescribed by the Division of Welfare and Supportive Services of the Department of Health and Human Services pursuant to NRS 425.520. The statement must be completed and signed by the applicant.  2. The Administrator shall include the statement required pursuant to subsection 1 in:  (a) The application or any other forms that must be submitted for the issuance or renewal of the license; or  (b) A separate form prescribed by the Administrator.  3. A license as a broker-dealer, sales representative, investment adviser, representative of an investment adviser or transfer agent may not be issued or renewed by the Administrator if the applicant:  (a) Fails to submit the statement required pursuant to subsection 1; or  (b) Indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order.  4. If an applicant indicates on the statement submitted pursuant to subsection 1 that the applicant is subject to a court order for the support of a child and is not in compliance with the order or a plan approved by the district attorney or other public agency enforcing the order for the repayment of the amount owed pursuant to the order, the Administrator shall advise the applicant to contact the district attorney or other public agency enforcing the order to determine the actions that the applicant may take to satisfy the arrearage.  (Added to NRS by 1997, 2035; A 2007, 1338)
NV Rev Stat § 90.377 (2021)
2021 Nevada Revised Statutes|Chapter 90 - Securities (Uniform Act)|NRS 90.377 - Application for renewal of license to include information relating to state business license; denial of renewal for unpaid debt assigned to State Controller for collection.

  1. In addition to any other requirements set forth in this chapter, an applicant for the renewal of a license as a broker-dealer, sales representative, investment adviser, representative of an investment adviser or transfer agent must indicate in the application submitted to the Administrator whether the applicant has a state business license. If the applicant has a state business license, the applicant must include in the application the business identification number assigned by the Secretary of State pursuant to NRS 225.082.  2. A license as a broker-dealer, sales representative, investment adviser, representative of an investment adviser or transfer agent may not be renewed by the Administrator if:  (a) The applicant fails to submit the information required by subsection 1; or  (b) The State Controller has informed the Administrator pursuant to subsection 5 of NRS 353C.1965 that the applicant owes a debt to an agency that has been assigned to the State Controller for collection and the applicant has not:  (1) Satisfied the debt;  (2) Entered into an agreement for the payment of the debt pursuant to NRS 353C.130; or  (3) Demonstrated that the debt is not valid.  3. As used in this section:  (a) "Agency" has the meaning ascribed to it in NRS 353C.020.  (b) "Debt" has the meaning ascribed to it in NRS 353C.040.  (Added to NRS by 2013, 2722)
NV Rev Stat § 90.390 (2021)
2021 Nevada Revised Statutes|Chapter 90 - Securities (Uniform Act)|NRS 90.390 - Requirements after licensing.

  1. The Administrator by regulation may require that:  (a) A licensed broker-dealer who is not registered under the Securities Exchange Act of 1934 maintain minimum net capital and a prescribed ratio between net capital and aggregate indebtedness, which may vary with type or class of broker-dealer; or  (b) A licensed investment adviser who is not registered under the Investment Advisers Act of 1940 maintain a minimum net worth.  2. If a licensed broker-dealer or investment adviser knows, or has reasonable cause to know, that a requirement imposed on it under this section is not being met, the broker-dealer or investment adviser shall promptly notify the Administrator of its current financial condition.  3. The Administrator by regulation may require a fidelity bond from a broker-dealer who is not registered under the Securities Exchange Act of 1934.  4. A licensed broker-dealer or investment adviser shall file financial and other reports that the Administrator determines by regulation or order are necessary, but filing a copy of the financial reports filed under the Securities Exchange Act of 1934, in the case of a broker-dealer, or the Investment Advisers Act of 1940, in the case of an investment adviser, satisfies the requirements regarding the filing of financial reports pursuant to this subsection.  5. A licensed broker-dealer, sales representative, investment adviser or representative of an investment adviser shall make and maintain records that the Administrator determines by regulation are necessary and appropriate, but compliance with the recordkeeping requirements of the Securities Exchange Act of 1934, in the case of a broker-dealer, or the Investment Advisers Act of 1940, in the case of an investment adviser, satisfies the requirements of this subsection.  6. Required records may be maintained in any form of data storage if they are readily accessible to the Administrator. Required records must be preserved for 5 years unless the Administrator by regulation specifies a different period for a particular type or class of records.  7. If the information contained in a record filed with the Administrator as part of the application for licensing or under the section, except information the Administrator by regulation or order excludes, is or becomes inaccurate or incomplete in a material respect, the licensed person shall promptly file correcting information, unless notification of termination has been given pursuant to subsection 5 of NRS 90.380.  (Added to NRS by 1987, 2156; A 1989, 160; 1995, 1445; 2003, 3162)
NV Rev Stat § 90.400 (2021)
2021 Nevada Revised Statutes|Chapter 90 - Securities (Uniform Act)|NRS 90.400 - Licensing of successor firms.

  1. A licensed broker-dealer or investment adviser may file an application for licensing of a successor, whether or not the successor is then in existence, if the fee the Administrator prescribes for the application is submitted with the application.  2. If a broker-dealer or investment adviser succeeds to and continues the business of a licensed broker-dealer or investment adviser and the successor files an application for licensing within 30 days after the succession, the license of the predecessor remains effective as the license of the successor for 60 days after the succession.  3. Licensing of each licensed sales representative of the broker-dealer or licensed representative of the investment adviser filing an application pursuant to subsection 1 or 2 continues without a separate filing or fee upon the licensing of the successor.  (Added to NRS by 1987, 2157; A 1989, 160; 1995, 1446)
NV Rev Stat § 90.410 (2021)
2021 Nevada Revised Statutes|Chapter 90 - Securities (Uniform Act)|NRS 90.410 - Power of inspection.

  1. The Administrator, without previous notice, may examine in a manner reasonable under the circumstances the records, within or without this State, of a licensed broker-dealer, sales representative, investment adviser or representative of an investment adviser to determine compliance with this chapter. Licensed broker-dealers, sales representatives, investment advisers and representatives of investment advisers shall make their records available to the Administrator in legible form.  2. The Administrator, without previous notice, may examine, in a manner reasonable under the circumstances and as the Administrator considers necessary or appropriate in the public interest and for the protection of investors, the records, within or without this State, of any person who would otherwise be required to be licensed pursuant to NRS 90.310 or 90.330. Such persons shall make their records available to the Administrator in legible form.  3. Except as otherwise provided in subsection 4, the Administrator may copy records or require a licensed person to copy records and provide the copies to the Administrator to the extent and in a manner reasonable under the circumstances.  4. The Administrator may inspect and copy records or require a transfer agent to copy records and provide the copies to the Administrator to the extent such records relate to information concerning principals, corporate officers or stockholders of any publicly traded company based in this State.  5. The Administrator by regulation may impose a reasonable fee for the expense of conducting an examination under this section.  (Added to NRS by 1987, 2157; A 1989, 160; 1995, 1446; 2007, 1341; 2009, 2558)
NV Rev Stat § 90.415 (2021)
2021 Nevada Revised Statutes|Chapter 90 - Securities (Uniform Act)|NRS 90.415 - Fee for inspection of records.

  1. For any inspection of records conducted pursuant to NRS 90.410, the Administrator shall impose a fee of not more than:  (a) One thousand dollars for an inspection within this State;  (b) Five thousand dollars for an inspection in which any part of the inspection occurs outside this State; or  (c) The actual cost to the Division of performing the inspection,  whichever is less.  2. The fee must be paid within 60 days after the receipt of a request for payment from the Administrator.  (Added to NRS by 2003, 20th Special Session, 24, 25, 26)