15 CSR 30-51.040 - Financial Statements
(1) A
financial statement shall consist of a balance sheet, a profit and loss
statement, statement of change in financial condition, certified unless
otherwise prescribed hereinafter or permitted by the commissioner.
(2) Every applicant for initial registration
as broker-dealer or investment adviser shall file a financial statement as
follows:
(A) As to initial registration as a
broker-dealer, the applicant shall file a certified financial statement as of a
date within thirty (30) days prior to the filing; provided if the applicant has
been engaged in business one (1) year or more, s/he may file a certified
financial statement as of the end of his/her last fiscal period together with a
balance sheet, which need not be certified, as of a date within thirty (30)
days prior to the filing. If the annual financial statement is more than six
(6) months old, s/he also shall file a semi-annual financial statement, which
need not be certified. The semi-annual financial statement may consist wholly
of a completed FOCUS report for that period and a net capital computation
(FOCUS Report, Form X-17A-5 (see
15 CSR
30-51.020)), as of the date of the balance sheet shall
accompany the financial statement; and
(B) As to initial registration as an
investment adviser, the applicant shall file a verified balance sheet current
within thirty (30) days prior to filing.
Notes
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