§ 20:08:03:04

ARSD 20:08:03:04

Net capital requirements of broker-dealers.

Effective Jul 1, 200430 SDR 211Source: 27 SDR 5, effective July 31, 2000; 30 SDR 211, effective July 1, 2004. | General Authority: SDCL 47-31B-605(a)(1) , 47-31B-605(b). | Law Implemented: SDCL 47-31B-103 , 47-31B-411.

A broker-dealer registered or required to be registered under SDCL chapter 47-31B shall have and maintain an adjusted net capital in compliance with Rule 15c3-1 (17 C.F.R. § 240.15c3-1) under the Securities Exchange Act of 1934.

Source: 27 SDR 5, effective July 31, 2000; 30 SDR 211, effective July 1, 2004.

General Authority: SDCL 47-31B-605(a)(1) , 47-31B-605(b).

Law Implemented: SDCL 47-31B-103 , 47-31B-411.