808 KAR 10:020. Capital, records and reporting requirements of broker-dealers

Section 1. A broker-dealer, municipal security dealer, government security broker, or government security dealer shall: (1) Be deemed to have complied with the requirements established in KRS 292.330 relating to capital, custody, margin, financial responsibility, making and keeping records, bonding, or financial or operational reporting if: (a) The person is: 1. Registered with the United States Securities and Exchange Commission pursuant to 15 USC 78o; and 2. In compliance with the rules and regulations enacted by the United States Securities and Exchange Commission pursuant thereto; (b) A copy of the information kept or provided to the United States Securities and Exchange Commission is made available or provided to the office as required by the executive director; and (2) Comply with a reasonable request made by the executive director or a designated employee of the office for the assembly and production of information required to conduct an examination pursuant to KRS 292.330 or an investigation pursuant to KRS 292.460.