SEC. 75-71-317. Minimum capital rules.
The secretary of state may by rule require a minimum capital for registered broker-dealers and investment advisers.
SOURCES: Laws, 1981, ch. 521, Sec. 202, eff from and after July
SECTION 9. Section 75-71-317, Mississippi Code of 1972, is amended as follows:
75-71-317. The Secretary of State may by rule or otherwise require a minimum capital for registered broker-dealers, subject to the limitations of Section 15 of the Securities and Exchange Act of 1934, and establish minimum financial requirements for investment advisers, subject to the limitations of Section 222 of the Investment Advisers Act of 1940, which may include different requirements for those investment advisers who maintain custody of clients' funds or securities or who have discretionary authority over same and those investment advisers who do not.
SOURCE: 1997 Laws, Chapter 480, Sec. 9, HB1124, Effective AP-March 27, 1997.