V-1 - Securities Act

Full text
27. Where a person registered as a salesman for a broker or security issuer ceases to act for such broker or security issuer, his registration shall be suspended ipso facto until the Commission has received written notice of the employment of such salesman by a registered broker or security issuer and such employment has been approved by the Commission.
R. S. 1964, c. 274, s. 19.