D.C. Mun. Regs. tit. 26, r. 26-B199
The definitions of terms found in Section 101 of the Act (D.C. Register at 47 DCR 7837) and the following words and phrases shall apply to this chapter.
Act - shall mean the Securities Act of 2000, effective October 26, 2000 (D.C. Law 13-203; D.C. Official Code § 31-5601.01et seq.).
Affiliate - shall have the same definition as in Section 2(a)(3) of the federal Investment Company Act of 1940, as now or hereafter amended.
Associated Person - shall mean a partner, officer, director, salesman, trader, manager, or any employee handling funds or securities or soliciting transactions or accounts for the broker-dealer.
Authorized provider - shall mean a person that the North American Securities Administrators Association, or its designee, has authorized to provide continuing education content.
Capital - shall have the same meaning as set forth in SEC Rule 15c3-1 (net capital requirements for brokers and dealers) under the Securities Exchange Act of 1934; and any amendments thereto.
Client's independent agent - shall mean any person who agrees to act as an investment advisory client's agent in connection with the contract but does not include the following:
Commissioner - shall mean the Commissioner of the Department of Insurance, Securities and Banking.
Company - shall mean a corporation, partnership, association, joint stock company, trust, limited liability company, limited liability partnership, or any organized group of persons, whether incorporated or not; or any receiver, trustee in a case under Title 11 of the United States Code, or similar official or any liquidating agent for any of the foregoing, in his capacity as such. "Company" shall not include the following:
Complaint - shall mean any written statement of a customer of any person acting on behalf of a customer alleging a grievance involving the activities of the broker-dealer or persons under the control of the broker-dealer in connection with the solicitation or execution of any transaction in securities or commodities or the disposition of securities, commodities or funds of that customer.
Contract for impersonal advisory services - means any contract relating solely to the provision of investment advisory services:
Director - shall mean the Director of the Securities Bureau of the Department of Insurance and Securities Regulation.
Entering into, - in reference to an investment advisory contract, does not include an extension or renewal without material change of any such contract which is in effect immediately prior to such extension or renewal.
FINRA - shall mean the Financial Industry Regulatory Authority.
Found - shall mean determined or ascertained by adjudication or consent in a final SRO proceeding, administrative proceeding, or court action;
IARD - shall mean the Investment Adviser Registration Depository, which is operated by NASDR.
IAR Ethics and Professional Responsibility Content - shall mean continuing education content, approved by the North American Securities Administrators Association, or its designee, that addresses an investment adviser representative's ethical and regulatory obligations.
IAR Products and Practice Content - shall mean continuing education content, approved by the North American Securities Administrators Association, or its designee, that addresses an investment adviser representative's continuing skills and knowledge regarding financial products, investment features, and practices in the investment advisory industry.
Investment adviser representative - shall mean an individual who is licensed or required to be licensed in accordance with the Act, or who otherwise meets the definition of "investment adviser representative" under the Uniform Securities Act (2002) or 17 CFR § 275.203A3.
Interested person - shall mean:
Investment advisory contract - shall mean a contract in which one person receives consideration from another person primarily for providing advisory services.
Investment company contract - shall mean a contract with an investment company registered under the Investment Company Act of 1940 which meets the requirements of Section 15(c) of that Act.
Investment-related - shall mean pertaining to securities, commodities, banking, insurance, real estate [including, but not limited to, citing as or being associated with a dealer, investment company, investment adviser, government securities broker or dealer, municipal securities dealer, bank, savings and loan association, entity or person required to be registered under the Commodity Exchange Act (7 U.S.C. 1 et seq.), or fiduciary];
Involved - shall mean acting or aiding, abetting, causing, counseling, commanding, inducing, conspiring, with or failure reasonably to supervise another in doing an act.
Management person - shall mean a person with power to exercise, directly or indirectly, a controlling influence over the management or policies of an investment adviser, which is not a natural person or to determine the general investment advice given to clients;
Mass transfer - shall mean the change of registration of all or substantially all agents of one broker-dealer to a new broker-dealer, or all or substantially all of the investment adviser representatives of one investment adviser to a new investment adviser as a result of a purchase, merger, or other reorganization.
Related person - shall mean another person is any person controlling, controlled by, under common control with, or any employee or employer of, such other person.
Reporting period - shall mean a twelve- (12-) month period beginning on January 1 and ending on December 31, which starts on January 1 of the first full year that the individual is licensed or required to be licensed with the District.
Time of Entry - shall mean the time when the broker-dealer transmits the order or instruction for execution or, if it is not transmitted, the time when it is received.
D.C. Mun. Regs. tit. 26, r. 26-B199