6.10.605    CERTIFICATIONS OR DESIGNATIONS NOT CONSIDERED UNLAWFUL

(1) For purposes of this rule, a senior certification or professional designation does not include a job title within an organization that is licensed or registered by a state or federal financial services regulatory agency, when that job title:

(a) indicates seniority or standing within the organization; or

(b) specifies an individual's area of specialization within the organization.

(2) For purposes of this rule, financial services regulatory agency includes, but is not limited to, an agency that regulates broker-dealers, investment advisers, or investment companies as defined under the Investment Company Act of 1940.

History: 30-10-107, MCA; IMP, 30-10-201, 30-10-301, MCA; NEW, 2008 MAR p. 2046, Eff. 9/26/08.