It is unlawful and a fraudulent, deceptive, or manipulative act, practice or course of business for an investment adviser licensed or required to be licensed under Section 61-1-3 to have custody of client funds or securities unless the investment adviser complies with the requirements of Rule 206(4)-2 of the Investment Advisers Act of 1940 (2020)..

KEY: securities, securities regulation, investment advisers, custody requirements

Date of Last Change: March 11, 2022

Notice of Continuation: December 18, 2024

Authorizing, and Implemented or Interpreted Law: 61-1-2; 61-1-24