Notification to county prosecutor by broker-dealers or investment advisers; content

Rule 34. If a broker-dealer or investment adviser elects to notify the county prosecutor as allowed by section 535 of the act, MCL 451.2535, the notification to the county prosecutor by a broker-dealer or investment adviser must comply with all of the following: (a) Be provided in writing. (b) Be submitted on a form titled “Uniform Securities Act Broker-Dealer or Investment Adviser Notice to Prosecutor.” Supporting documentation may be attached to the form by the broker-dealer or investment adviser. (c) Include a description of efforts by the broker-dealer or investment adviser to contact law enforcement or adult protective services, and an indication of whether any contact was made. (d) Include a description of whether any contact has previously been made with the county prosecutor’s office regarding this matter. (e) Indicate whether written notification was received from law enforcement or adult protective services stating whether the reported alleged covered financial exploitation is under investigation or was referred to law enforcement, within 15 business days after a

broker-dealer or investment adviser made a report of alleged covered financial exploitation to law enforcement or adult protective services. (f) Include the name and contact information for the broker-dealer or investment adviser’s designated contact for communication with the county prosecutor, law enforcement, or adult protective services. (g) Include the name and contact information of the alleged perpetrator, if that information is known by the broker-dealer or investment adviser making the report. (h) Include the name and contact information of the alleged victim, if known by the broker-dealer or investment adviser making the report. (i) Include a description of the relationship between the alleged perpetrator and the victim, if known by the broker-dealer or investment adviser making the report.

History: 2025 MR 8, Eff. April 28, 2025.