No public treasurer may conduct any investment transaction through a broker-dealer or any agent representing a broker-dealer unless that broker-dealer has been certified by the Director as eligible to conduct investment transactions with public treasurers.

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)