Examples of Services Business in a sentence
Among other consequences, failure to comply with Rule 206(4)-5 may trigger a ban on receiving compensation for Investment Advisory Services Business for two years, and failure to comply with MSRB Rule G-37 may prohibit our broker-dealer from engaging in municipal securities business (i.e., offering Section 529 Plans) with an issuer for two years.
The Company may assign its rights, and delegate its obligations, hereunder to any affiliate of the Company, or any successor to the Company or its Solid Waste Services Business, specifically including the restrictive covenants set forth in Section 7 hereof.
A business which qualifies as a Money Transmitting Business and/or Money Services Business is required to register with the Department of the Treasury/ FinCEN within 180 days from the date the business is established.
Put another way, just because an entity holds themselves out as not being a Money Services Business such entity may still be subject to federal regulation if its underlying business operations are determined by FinCEN to meet one or more of the qualifications of a Money Services Business.
Further, while the Company fully intends to comply with all applicable federal and state regulations concerning the required registration as a Money Transmitter Business and/or Money Services Business, there is a material risk that the Company may be found to be operating its Blockchain Business in violation of one or more of such regulations and the resulting penalties would be severe as noted above.