Mo. Code Regs. Ann. tit. 15, § 30-51.070
Minimum Capital Requirements for Investment Advisers
Effective Sep 28, 1989sections 409.202 and 409.413(a), RSMo 1986.* Original rule filed June 25, 1968, effective Aug. 1, 1968. Amended: Filed May 21, 1969, effective Aug. 1, 1969. Amended: Filed July 21, 1972, effective Aug. 1, 1972. Amended: Filed Nov. 15, 1974, effective Nov. 25, 1974. Amended: Filed July 3, 1989, effective Sept. 28, 1989Secretary of State
PURPOSE: This rule prescribes the minimum capital required of investment advisers.
- (1) Every investment adviser shall have and maintain capital, to include all cash, securities and tangible assets of not less than five thousand dollars ($5,000). The commissioner may establish a lower minimum capital if the investment adviser satisfactorily demonstrates that the activities to be engaged in do not necessitate such a large capital base (section 409.202(d), RSMo).
AUTHORITY: sections 409.202 and 409.413(a), RSMo 1986.* Original rule filed June 25, 1968, effective Aug. 1, 1968. Amended: Filed May 21, 1969, effective Aug. 1, 1969. Amended: Filed July 21, 1972, effective Aug. 1, 1972. Amended: Filed Nov. 15, 1974, effective Nov. 25, 1974. Amended: Filed July 3, 1989, effective Sept. 28, 1989.
*Original authority: 409.202, RSMo 1967, amended 1977, 1978, 1986 and 409.413, RSMo 1967.