1. A broker who enters into an agreement to provide asset management services to a client shall: (a) Disclose annually to the Division any such agreements to provide asset management services to a client; and (b) Provide proof satisfactory to the Division on an annual basis that the broker has complied with the requirements of NRS 645H.490 . 2. In addition to any other remedy or penalty, the Division may take administrative action, including, without limitation, the suspension of a license or permit or the imposition of an administrative fine, against a broker who fails to comply with this section. 3. As used in this section: (a) Asset management has the meaning ascribed to it in NRS 645H.030 . (b) Client has the meaning ascribed to it in NRS 645H.060 .
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