The purpose and effect is to amend the existing rules to incorporate by reference the current versions of forms and other materials incorporated by reference, to make a violation of SEC Rule 17a-14 (17 C.F.R. §240.17a-14) a prohibited business practice for dealers, to replace the terms “representative” and “investment adviser representative” with the terms “associated person” and “investment adviser associated person” for consistency, to clarify the grandfathering provisions of the exam requirements for the registration of investment advisers and their associated persons.