Statutes, codes, and regulations
Iowa Administrative Code
Agency 191 - INSURANCE DIVISIONSECURITIES
Chapter 50 - REGULATION OF SECURITIES OFFERINGS AND THOSE WHO ENGAGE IN THE SECURITIES BUSINESS
Rule 191-50.15 - Broker-dealer minimum financial requirements and financial reporting requirements

Iowa Admin. Code r. 191-50.15

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Current through Register Vol. 47, No. 10, November 13, 2024
Rule 191-50.15 - Broker-dealer minimum financial requirements and financial reporting requirements
(1) Each broker-dealer registered or required to be registered under the Act shall comply with SECRulesl5c3-l( 17CFR240.15c3 -l), 15c3-2( 17CFR240.15c3 - 2 ),andl5c3-3( 17CFR240.15c3 - 3).
(2) Each broker-dealer registered or required to be registered under the Act shall comply with SEC Rule 17a-11( 17 CFR 24017a-11.) and shall file with the administrator copies of notices of financial deficiencies, as required under SEC Rule 17a-ll ( 17 CFR 240.17a -ll).
(3) To the extent that the SEC amends the above-referenced rules, broker-dealers complying with such rules as amended shall not be subject to enforcement action by the administrator for violations resulting solely from the broker-dealer's compliance with the amended rules.

This rule is intended to implement Iowa Code section 502.411(2).

Iowa Admin. Code r. 191-50.15