Sec. 469.
(1) The department may promulgate any rules that the administrator considers necessary to administer this article if those rules are consistent with the provisions of this act.
(2) Nothing in this article exempts any person to which this article is subject from complying with any applicable state or federal statute, rule, or regulation that applies to that person or the conduct of that person's business.
History: Add. 2014, Act 355, Imd. Eff. Oct. 21, 2014 Compiler's Notes: Enacting section 1 of Act 355 of 2014 provides:"Enacting section 1. It is the intent of the legislature by enacting this amendatory act to regulate a class of intrastate broker-dealers that is exempt under section 15(a)(1) of the securities exchange act of 1934, 15 USC 78o, and that will facilitate intrastate securities transactions among persons of this state."
Structure Michigan Compiled Laws
Chapter 451 - Securities, Real Estate, and Debt Management
Act 551 of 2008 - Uniform Securities Act (2002) (451.2101 - 451.2703)
Article 4A - Michigan Investment Markets (451.2451...451.2469)
Section 451.2451 - Definitions.
Section 451.2453 - Transaction of Business as Michigan Investment Market; Registration Required.
Section 451.2455 - Michigan Investment Market; Registration Requirements.
Section 451.2457 - Filing Fees.
Section 451.2459 - Records; Examination or Inspection; Report.
Section 451.2463 - Servicing; Requirements.
Section 451.2465 - Prohibited Conduct.
Section 451.2467 - Individual Shown to Be Out-of-State Resident; Prima Facie Evidence of Residency.
Section 451.2469 - Rules; Compliance With State or Federal Statute, Rule, or Regulation.