Okla. Admin. Code § 660:11-5-43

Current through Vol. 41, No. 19, June 17, 2024

Section 660:11-5-43 - Examination of broker-dealers

(a)Periodic examinations. The business and records of each broker-dealer registered under the Securities Act may be periodically examined by the Administrator and/or person(s) designated by him at such times and in such scope as the Administrator determines prudent and necessary for the protection of the public. A report of each such examination shall be prepared.

(b)Department access. Each broker-dealer scheduled for examination shall provide the personnel of the Department access to business books, documents, and other records. Each broker-dealer shall provide personnel with office space and facilities to conduct on-site examinations, and assistance in the physical inspection of assets and confirmation of liabilities. Failure of any applicant or registrant to provide such access shall constitute a violation of this section and shall be a basis for denial, suspension or revocation of the registration or application for registration.

Added at 21 Ok Reg 2532, eff 7-1-04