Minn. R. agency 120, ch. 2876, pt. 2876.5021
Every broker-dealer and agent has the fundamental responsibility for fair dealing in all of their relationships with customers and others and must comply with NASD IM-2310-2.
In making recommendations to a customer, a broker-dealer must comply with NASD Conduct Rule 2310.
Every broker-dealer must supervise the activities of its registered agents and registered principals in compliance with NASD Conduct Rules 3010 and 3012.
At or before completion of each transaction with a customer, a broker-dealer must give or send to the customer a written notification that complies with Code of Federal Regulations, title 17, section 240.10b-10.
Upon written application, the administrator may exempt from subpart 3, on specified terms and conditions, any broker-dealer that is neither registered with the United States Securities and Exchange Commission nor a member of a self-regulatory organization if the administrator finds that it is not necessary in the public interest or for the protection of investors to subject the broker-dealer to the requirements in subpart 3.
Minn. R. agency 120, ch. 2876, pt. 2876.5021
Statutory Authority: MS s 45.023; 80A.82