Fla. Stat. 517.1205
Registration of associated persons specific as to securities dealer, investment adviser, or federal covered adviser identified at time of registration approval

Inasmuch as this chapter is intended to protect investors in securities offerings and other investment transactions regulated by that chapter, its provisions are to be construed to require full and fair disclosure of all, but only, those matters material to the investor’s evaluation of the offering or other transaction. It should, furthermore, be construed to impose the standards provided by law on all those seeking to participate in the state’s securities industry through registration as a securities dealer, investment adviser, or associated person. To this end, it is declared to be the intent of the Legislature that the registration of associated persons required by law is specific to the securities dealer, investment adviser, or federal covered adviser identified at the time such registration is approved. Notwithstanding any interpretation of law to the contrary, the historical practice of the Department of Banking and Finance, reflected in its rules, that requires a new application for registration from a previously registered associated person when that person seeks to be associated with a new securities dealer or investment adviser is hereby ratified and approved as consistent with legislative intent. It is, finally, declared to be the intent of the Legislature that while approval of an application for registration of a securities dealer, investment adviser, or associated person requires a finding of compliance with the applicable registration provisions of this chapter and applicable rules, such finding is precluded by a determination that the applicant may be denied registration on grounds provided by law.

Source: Section 517.1205 — Registration of associated persons specific as to securities dealer, investment adviser, or federal covered adviser identified at time of registration approval, https://www.­flsenate.­gov/Laws/Statutes/2024/0517.­1205 (accessed Aug. 7, 2025).

517.03
Rulemaking 517.07
Registration of securities 517.011
Short title 517.12
Registration of dealers, associated persons, intermediaries, and investment advisers 517.021
Definitions 517.32
Exemption from excise tax, certain obligations to pay 517.34
Protection of specified adults 517.051
Exempt securities 517.061
Exempt transactions 517.072
Viatical settlement investments 517.075
Cuba, prospectus disclosure of doing business with, required 517.081
Registration procedure 517.082
Registration by notification 517.101
Consent to service 517.111
Revocation or denial of registration of securities 517.121
Books and records requirements 517.122
Arbitration 517.131
Securities Guaranty Fund 517.141
Payment from the fund 517.151
Investments of the fund 517.161
Revocation, denial, or suspension of registration of dealer, investment adviser, intermediary, or associated person 517.171
Burden of proof 517.191
Enforcement by the Office of Financial Regulation 517.201
Investigations 517.211
Private remedies available in cases of unlawful sale 517.275
Commodities 517.301
Fraudulent transactions 517.302
Criminal penalties 517.313
Destroying certain records 517.315
Fees 517.0611
The Florida Limited Offering Exemption 517.0612
Florida Invest Local Exemption 517.0613
Failure to comply with a securities registration exemption 517.0614
Integration of offerings 517.0615
Solicitations of interest 517.0616
Disqualification 517.1201
Notice filing requirements for federal covered advisers 517.1202
Notice-filing requirements for branch offices 517.1205
Registration of associated persons specific as to securities dealer, investment adviser, or federal covered adviser identified at time of registration approval 517.1214
Continuing education requirements for associated persons of investment advisers and federal covered advisers 517.1215
Requirements, rules of conduct, and prohibited business practices for investment advisers and their associated persons 517.1217
Rules of conduct and prohibited business practices for dealers and their associated persons and for intermediaries 517.1611
Guidelines 517.2015
Confidentiality of information relating to investigations and examinations 517.2016
Public records exemption

Current through Fall 2025

§ 517.1205. Registration of associated persons specific as to securities dealer, investment adviser, or federal covered adviser identified at time of registration approval's source at flsenate​.gov