N.M. Code R. § 12.11.4.12
Current through Register Vol. 35, No. 11, June 11, 2024
No broker-dealer shall permit or effect a withdrawal of any part of its net worth, including subordinated indebtedness, whether by redemption, retirement, repurchase, repayment, or otherwise, that would cause its net capital or its aggregate indebtedness to violate Subsections A or B of 12.11.2.18 NMAC, without prior written approval of the director.
N.M. Code R. § 12.11.4.12