230 R.I. Code R. 230-RICR-50-05-2.12 - Adviser Custody Conditions - Federally Registered
A. An investment adviser registered under the
Investment Advisers Act of 1940 may take or retain custody of securities or
funds of a client only while the investment adviser is in full compliance with
SEC Rule 17 C.F.R. ยง 275.206(4)-2 and while the investment adviser
maintains a net worth of not less than $25,000.00.
Notes
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