Section 26-B114. FILING OF A FINANCIAL STATEMENT

 

114.1Each licensed broker-dealer shall annually file with the Department, or, subject to the conditions set forth in § 114.2 of this section, with the Commissioner, on a calendar or fiscal year basis, a financial report (1) audited by an independent public accountant or independent certified public accountant meeting the qualifications of § 115, and (2) containing the information required by Securities and Exchange Commission Rule 17a-5(d), 17 C.F.R. § 240.17a-5(d). The report shall be filed not more than 90 days following the end of the calendar or fiscal year. If the date of the filing exceeds such 90-day requirement, an unaudited statement similar in all respects shall also be filed and shall not be dated more than 90 days prior to the filing.

 

114.2A licensed broker-dealer shall be exempt from the annual financial report filing requirement described in § 114.1, and shall instead file its financial report with the NASDR, provided the broker-dealer is in compliance with the net capital requirements in §§ 110 and 111.

 

source

Final Rulemaking published at 40 DCR 6732 (September 24, 1993); as amended by Emergency Rulemaking published at 48 DCR 1987 (March 2, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 4106 (May 11, 2001).