Ariz. Admin. Code § 14-4-124

Current through Register Vol. 30, No. 25, June 21, 2024

Section R14-4-124 - Net Worth Requirements for Registration by Description of Commodity Investment Contracts or Commodity Option Contracts

A. An applicant for registration by description of commodity investment contracts or commodity option contracts pursuant to A.R.S. § 44-1871, shall file a financial statement, prepared within 90 days of the date of application, which indicates to the satisfaction of the Arizona Corporation Commission a net worth of not less than $75,000.00. Any money, property or other thing of value utilized by the applicant in order to comply with the bonding requirements of A.R.S. § 44-1943, relating to registration as a Dealer in securities, shall be excluded from the computation of net worth.

B. The net worth requirements prescribed herein shall be maintained throughout the period of registration by description and shall be considered a condition thereof.

Ariz. Admin. Code § R14-4-124

Former General Order S-24 not in original publication, correction (Supp. 75-1).