Michigan Compiled Laws
Act 551 of 2008 - Uniform Securities Act (2002) (451.2101 - 451.2703)
Article 4 - Broker-Dealers, Agents, Investment Advisers, Investment Adviser Representatives, and Federal Covered Investment Advisers (451.2401...451.2413)

Section 451.2401 - Broker-Dealer Registration; Requirements; Exemptions; Limitation on Employment or Association; Employment or Association With Certain Individuals Prohibited; Rule or Order. - Sec. 401. (1) A person shall not transact business in...

Section 451.2402 - Agent Registration; Requirements; Exemptions; Employment or Association; Acting as Agent for More Than 1 Broker-Dealer or Issuer; Exception. - Sec. 402. (1) An individual shall not transact business in...

Section 451.2403 - Investment Advisor Registration; Requirements; Exemptions; Employment or Association With Certain Individuals Prohibited; Exception. - Sec. 403. (1) A person shall not transact business in...

Section 451.2404 - Investment Advisor Representative; Registration; Requirements; Exemption; Employment or Association; Transacting Business for More Than 1 Investment Adviser; Referral Fees. - Sec. 404. (1) An individual shall not transact business in...

Section 451.2405 - Federal Covered Investment Adviser; Filing Requirements; Exceptions; Notice; Effectiveness of Filing. - Sec. 405. (1) Except with respect to a federal covered...

Section 451.2406 - Registration by Broker-Dealer, Agent, Investment Adviser, or Investment Adviser Representative; Application; Fee; Correcting Amendment; Effectiveness of Registration; Renewal; Other Conditions or Waivers. - Sec. 406. (1) A person shall register as a broker-dealer,...

Section 451.2407 - Succession or Change in Registration of Broker-Dealer or Investment Adviser; Change in Organization, Name, or Control. - Sec. 407. (1) A broker-dealer or investment adviser may succeed...

Section 451.2408 - Termination of Employment or Association of Agent and Investment Adviser Representative; Notice; Other Employment or Association; Withdrawal of Temporary Registration; Power of Administrator to Prevent Transfer; Cancellation or Ter... - Sec. 408. (1) If an agent registered under this act...

Section 451.2409 - Withdrawal of Registration by Broker-Dealer, Agent, Investment Adviser, or Investment Adviser Representative. - Sec. 409. Withdrawal of registration by a broker-dealer, agent, investment...

Section 451.2410 - Filing Fees. - Sec. 410. (1) Before October 1, 2023, a person shall...

Section 451.2411 - Financial Requirements; Reports; Records; Audits or Inspections; Custody and Discretionary Authority Bond or Insurance; Furnishing Information to Clients; Continuing Education. - Sec. 411. (1) Subject to section 15(h) of the securities...

Section 451.2412 - Denial, Revocation, Suspension, Withdrawal, Restriction, Condition, or Limitation of Registration; Discipline; Examination; Summary Actions; Liability of Control Person; Limitation on Proceeding. - Sec. 412. (1) If the administrator finds that the order...

Section 451.2413 - Broker-Dealer Acting as Finder; Prohibited Conduct. - Sec. 413. A broker-dealer acting as a finder shall not...