PURPOSE: This rule prescribes the information to be
contained in and the documents to accompany, applications for registration as
broker-dealer or sales representative.
PUBLISHER'S NOTE: The secretary of state has
determined that the publication of the entire text of the material which is
incorporated by reference as a portion of this rule would be unduly cumbersome
or expensive. Therefore, the material which is so incorporated is on file with
the agency who filed this rule, and with the Office of the Secretary of State.
Any interested person may view this material at either agency's headquarters or
the same will be made available at the Office of the Secretary of State at a
cost not to exceed actual cost of copy reproduction. The entire text of the
rule is printed here. This note refers only to the incorporated by reference
material.
(1) The application
for registration as broker-dealer shall contain the information as follows:
(A) As to initial registration, the
information specified in the application (Form BD), accompanied by the filing
fee (section
409.850,
RSMo), consent to service of process (Form BD) (section
409.838,
RSMo), copies of articles of incorporation and any corporate resolutions,
audited financial statement (
15 CSR
30-59.090 ), unaudited financial statement accompanied
by a computation of net capital (FOCUS Report, Form X-17A-5)(
15 CSR
30-59.100(5) ), general plan of
business or appropriate schedule of Form BD, a surety bond if required
(
15 CSR 30-59.120 ),
fidelity bond (
15 CSR 30-59.120 ), bank
reference letter or letter of credit, offering circular sample forms and
stationery and an appropriate personal information schedule of Form BD for each
officer, director, partner and proprietor; or
(B) As to renewal registration, the
information specified in the execution page of the Form BD, attached to any
amendments to the Form BD not filed previously, accompanied by the filing fee
(section
409.830,
RSMo and
15 CSR
30-59.030(2) ), a disclosure
statement (
15 CSR
30-59.190 ) and applicable financial statement
accompanied by a net capital computation (FOCUS Report Form X-17A-5)
(
15 CSR
30-59.100(5) ) (see also
15 CSR
30-59.170(3)-(6) ).
(2) The application for initial
and renewal registration as sales representative shall contain the information
as follows:
(A) Initial registration of sales
representatives, the information specified in the Form U-4 (see
15 CSR
30-59.020, accompanied by the filing fee (section
409.850,
RSMo), a photograph taken within one (1) year, a surety bond if required
(
15 CSR 30-59.120 ) and
proof of passing any required examinations (
15 CSR
30-59.080 ); and
(B) As to renewal registration of sales
representatives of broker-dealers, the information specified in the application
(Form C-16, see
15 CSR 30-59.040 ) and
accompanied by the filing fee (section
409.850,
RSMo and 15 CSR
30-59.030(2) ).
(3) Any amendment of an application shall be
filed, by the appropriate form marked "AMENDED" (section
409.858(7),
RSMo), with the commissioner.
(4)
Any application which has been on file for a period of six (6) months or more
without any affirmative action by the applicant to complete the application
shall be considered to have been withdrawn.
