This rule establishes a uniform standard to evaluate the financial condition and the standing of a broker-dealer to determine if investment transactions with public treasurers by broker-dealers would expose public funds to undue risk.

KEY: cash management, public investments, securities regulation, stock brokers

Date of Last Change: August 27, 2001

Notice of Continuation: January 26, 2026

Authorizing, and Implemented or Interpreted Law: 51-7-3(1); 51-7-18(2)(b)(v)