1. Registered representative permits shall be granted only to persons who: (a) Bear a good reputation for honesty, truthfulness and fair dealing; (b) Are of good moral character; (c) Are competent to transact the business of a registered representative in such a manner as to safeguard the interests of the public; and (d) Meet such other reasonable requirements as the Division may promulgate. 2. The Division shall establish rules and regulations to carry out the provisions of this section.
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