Due to the great increase in the number of applications with the Securities Division, until further notice, the following policies will be in effect:

  A.  Questions regarding pending securities, broker-dealer, and salesman applications will be accepted between the hours of 8:00 a.m. and 5:00 p.m. MST.

  B.  The Division will respond to no action requests.  The fee for a no action letter is set forth in A.R.S. § 44-1861(L).

  C.  As with filings with the Division, requests for no action letters are public record.  At the Division’s discretion, requests for no action letters, whether granted or denied, may be published.

Policy Statement, Arizona Corporation Commission, Securities Division, 9-18-91.