Mo. Code Regs. tit. 15 § 30-51.070

Current through Register Vol. 49, No. 21, November 1, 2024.

Section 15 CSR 30-51.070 - Minimum Net Worth Requirements for Investment Advisers

PURPOSE: This amendment clarifies the applicable net worth requirements for investment advisers domiciled in other states.

(1) Every investment adviser shall have and maintain net worth (assets minus liabilities), to include all cash, securities, and tangible assets of not less than five thousand dollars ($5,000) except as provided in section (2) of this rule.

(2) An investment adviser domiciled in another state must only comply with the net worth requirement of its home state.

15 CSR 30-51.070

AUTHORITY: sections 409.4-411(a) and 409.6-605, RSMo Supp. 2003.* Original rule filed June 25, 1968, effective Aug. 1, 1968. Amended: Filed May 21, 1969, effective Aug. 1, 1969. Amended: Filed July 21, 1972, effective Aug. 1, 1972. Amended: Filed Nov. 15, 1974, effective Nov. 25, 1974. Amended: Filed July 3, 1989, effective Sept. 28, 1989. Emergency amendment filed Aug. 27, 2003, effective Sept. 12, 2003, expired March 9, 2004. Amended: Filed Aug. 28, 2003, effective Feb. 29, 2004.

Amended by Missouri Register December 16, 2019/Volume 44, Number 24, effective 1/30/2020

*Original authority: 409.4-411, RSMo 2003; 409.6-605, RSMo 2003.