S.D. Admin. R. 20:08:03:04 - Net capital requirements of broker-dealers
A broker-dealer registered or required to be registered under SDCL chapter 47-31 B shall have and maintain an adjusted net capital in compliance with Rule 15c3-1 (17 C.F.R. § 240.15c3-1) under the Securities Exchange Act of 1934.
General Authority: SDCL 47-31B-605(a)(1), 47-31B-605(b).
Law Implemented: SDCL 47-31B-103, 47-31B-411.
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