Okla. Stat. tit. 71, § 71-1-408

investment adviser representative - Transfer of employment or

association.

A. If an agent registered under this act terminates employment

by or association with a broker-dealer or issuer, or if an

investment adviser representative registered under this act

terminates employment by or association with an investment adviser

or federal covered investment adviser, or if either registrant

terminates activities that require registration as an agent or

investment adviser representative, the broker-dealer, issuer,

investment adviser, or federal covered investment adviser shall

promptly file a notice of termination. If the registrant learns

that the broker-dealer, issuer, investment adviser, or federal

covered investment adviser has not filed the notice, the registrant

may do so.

B. If an agent registered under this act terminates employment

by or association with a broker-dealer registered under this act and

begins employment by or association with another broker-dealer

registered under this act; or if an investment adviser

representative registered under this act terminates employment by or

association with an investment adviser registered under this act; or

a federal covered investment adviser that has filed a notice under

Section 1-405 of this title, and begins employment by or association

with another investment adviser registered under this act or a

federal covered investment adviser that has filed a notice under

Section 1-405 of this title; then upon the filing by or on behalf of

the registrant, within thirty (30) days after the termination, of an

application for registration that complies with the requirement of

subsection A of Section 1-406 of this title, and payment of the

filing fee required under Section 1-612 of this title, the

registration of the agent or investment adviser representative, is:

1. Immediately effective as of the date of the completed filing

if the agent's Central Registration Depository record or successor

record or the investment adviser representative's Investment Adviser

Registration Depository record or successor record does not contain

a new or amended disciplinary disclosure within the previous twelve

(12) months; or

2. Temporarily effective as of the date of the completed

filing, if the agent's Central Registration Depository record or

successor record or the investment adviser representative's

Investment Adviser Registration Depository record or successor

Oklahoma Statutes - Title 71. Securities Page 52

record contains a new or amended disciplinary disclosure within the

preceding twelve (12) months.

C. The Administrator may withdraw the temporary registration if

there are or were grounds for discipline under Section 1-411 of this

title and the Administrator does so within thirty (30) days after

the filing of the application. If the Administrator does not

withdraw the temporary registration within the 30 day period,

registration becomes automatically effective on the 31st day after

filing.

D. The Administrator may prevent the effectiveness of a

transfer of an agent or investment adviser representative under

paragraph 1 or 2 of subsection B of this section based on the public

interest and the protection of investors.

E. If the Administrator determines that a registrant or

applicant for registration is no longer in existence or has ceased

to act as a broker-dealer, agent, investment adviser, or investment

adviser representative, or is the subject of an adjudication of

incapacity or is subject to the control of a committee, conservator,

or guardian, or cannot reasonably be located, a rule adopted or

order issued under this act may require the registration be canceled

or terminated or the application denied. The Administrator may

reinstate a canceled or terminated registration, with or without

hearing, and may make the registration retroactive.