2010 Florida Code
TITLE XXXIII REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS
Chapter 517 SECURITIES TRANSACTIONS
517.121 Books and records requirements; examinations.
517.121 Books and records requirements; examinations.
(1) A dealer, investment adviser, branch office, or associated person shall maintain such books and records as the commission may prescribe by rule.
(2) The office shall, at intermittent periods, examine the affairs and books and records of each registered dealer, investment adviser, branch office, or associated person, or require such records and reports to be submitted to it as required by rule of the commission, to determine compliance with this act.
(3) Registration under s. 517.12 may be summarily suspended by the office pursuant to s. 120.60(6) if the registrant fails to promptly provide to the office, after a written request, any of the records required by this section and the rules adopted under this section. The suspension may be rescinded if the registrant submits the requested records to the office. For purposes of s. 120.60(6), failure to provide substantially all of such records constitutes immediate and serious danger to the public health, safety, and welfare.
History. ss. 10, 15, ch. 85-165; ss. 7, 14, 15, ch. 90-362; s. 4, ch. 91-429; s. 597, ch. 2003-261; s. 5, ch. 2009-242.
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