Florida Administrative Code

(1) New Applications. (a) Applicants for initial registration of dealers that are not members of the Financial Industry Regulatory Authority (FINRA) shall file the Uniform Application for Broker-Dealer Registration (Form BD) electronically on the Office of Financial Regulation's …

Rulemaking Authority 517.03(1), 517.12 FS. Law Implemented 517.12 FS. History-New 12-29-15, Amended 11-26-19, 1-18-21, 2-14-23, Repealed 3-21-24.

(1) New Notice-Filings. (a) The notice-filing for a Canadian dealer shall be filed electronically on the Office of Financial Regulation's website at https://real.flofr.com through the Regulatory Enforcement and Licensing System (REAL) System using the OFR Form CAN, Canadian Deale…

(1) New Applications. (a) Applicants for initial registration of an investment adviser shall file the Uniform Application for Investment Adviser Registration (Form ADV) electronically through the Investment Adviser Registration Depository (IARD) of the Financial Industry Regulato…

(1) New Notice-Filings. (a) The notice-filing for federal covered advisers shall be filed electronically through the Investment Adviser Registration Depository (IARD) of the Financial Industry Regulatory Authority (FINRA) using the Uniform Application for Investment Adviser Regis…

(1) Notice-filing. (a) An issuer intending to conduct an offering of securities under the Florida Limited Offering Exemption, Section 517.0611, F.S., shall file at least ten (10) days before the issuer commences an offering of securities or the offering is displayed on a website …

(1) New Applications. (a) Applicants for initial registration of intermediaries shall file the Registration of Crowdfunding Intermediary Application (Form FLO-INT) electronically on the Office of Financial Regulation's website at https://real.flofr.com through the Regulatory Enfo…

(1) New Applications. (a) Applicants for initial registration as a principal or associated person of dealers who are members of the Financial Industry Regulatory Authority (FINRA) shall file the Uniform Application for Securities Industry Registration or Transfer (Form U4) electr…

(1) General Procedure Regarding Law Enforcement Records. As part of the application review process, the Office is required to consider an applicant's law enforcement record when deciding whether to approve an application for registration as an associated person. When conducting t…

(1) New Applications. (a) Applicants for initial registration as a principal or associated person of dealers who are not members of the Financial Industry Regulatory Authority (FINRA) shall file the Uniform Application for Securities Industry Registration or Transfer (Form U4) el…

Rulemaking Authority 517.03(1), 517.12 FS. Law Implemented 517.12 FS. History-New 12-29-15, Amended 9-25-18, 11-26-19, 1-18-21, 2-14-23, Repealed 3-21-24.

(1) New Applications. (a) Applicants for registration as an associated person of investment advisers and federal covered advisers shall file the Uniform Application for Securities Industry Registration or Transfer (Form U4) electronically through the Central Registration Deposito…

Rulemaking Authority 517.03 FS. Law Implemented 120.53, 517.12(1), (4) FS. History-New 12-5-79, Amended 9-20-82, Formerly 3E-600.03, Amended 8-1-91, 5-5-94, 7-31-02, Formerly 3E-600.003, Repealed 12-29-15.

(1) New Notice-Filings. (a) Every Florida branch office of a broker dealer registered in Florida shall be notice-filed with the Office of Financial Regulation (Office) prior to engaging in business therefrom. A broker dealer must be registered with the Office before its branch of…

(1) New Notice-Filing. (a) Every Florida branch office of a dealer registered in Florida shall be notice-filed with the Office of Financial Regulation (Office) prior to engaging in business therefrom. A broker dealer must be registered with the Office before its branch offices ma…

Rulemaking Authority 517.03(1), 517.1202 FS. Law Implemented 517.12(8), 517.1202 FS. History-New 12-29-15, Amended 11-26-19, Repealed 3-21-24.

(1) New Notice-Filings. (a) Every Florida branch office of an investment adviser registered in Florida shall be notice-filed with the Office of Financial Regulation (Office) prior to engaging in business therefrom. An investment adviser must be registered with the Office before i…

Rulemaking Authority 517.03(1), 517.12(6), 517.1202 FS. Law Implemented 517.12(5), (6), (10), 517.1202 FS. History-New 12-5-79, Amended 9-20-82, Formerly 3E-600.04, Amended 10-14-90, 6-16-92, 1-11-93, 11-7-93, 11-14-93, 12-29-96, 10-20-97, 6-10-99, 8-19-99, 5-27-01, 7-31-02, Form…

Rulemaking Authority 517.03(1) FS. Law Implemented 517.12(8) FS. History-New 12-5-79, Amended 9-20-82, Formerly 3E-600.05, Amended 8-1-91, 1-11-93, 4-18-96, 4-2-00, 10-30-03, Formerly 3E-600.005, Amended 11-22-10, Repealed 12-29-15.

Rulemaking Authority 215.405, 517.03 FS. Law Implemented 517.12(7), 943.053 FS. History-New 12-5-79, Amended 9-20-82, Formerly 3E-600.06, Amended 8-1-91, Formerly 3E-600.006, Amended 5-15-07, 12-24-07, 12-25-08, 11-22-10, 5-29-12, 11-11-13, 9-22-14, Repealed 12-29-15.

Rulemaking Authority 517.03(1), 517.12(13) FS. Law Implemented 517.12(13) FS. History-New 12-5-79, Amended 9-20-82, Formerly 3E-600.07(4), Amended 10-15-86, 12-8-87, 8-1-91, 6-16-92, 1-11-93, 6-22-98, 8-9-98, 6-10-99, 5-10-00, 7-31-02, Formerly 3E-600.007, Amended 3-16-06, 11-22-…

Rulemaking Authority 517.03(1) FS. Law Implemented 517.12(12)(b), 517.161(5) FS. History-New 12-5-79, Amended 9-20-82, Formerly 3E-600.08, Amended 7-29-90, 8-1-91, 6-16-92, 1-11-93, 6-22-98, 6-10-99, 5-10-00, 5-27-01, Formerly 3E-600.008, Amended 3-16-06, 11-22-10, 10-29-12, 11-1…

Rulemaking Authority 517.03(1), 517.12(6), (15), 517.1202 FS. Law Implemented 517.12(6), (10), (11), (15), 517.1202 FS. History-New 12-5-79, Amended 9-20-82, 8-29-83, Formerly 3E-600.09, Amended 1-7-88, 6-16-92, 11-14-93, 2-5-01, 5-27-01, Formerly 3E-600.009, Amended 5-15-07, 11-…

Rulemaking Authority 517.03, 517.12(15), 517.1202 FS. Law Implemented 517.12(10), (11), (15), 517.1202 FS. History-New 8-29-83, Formerly 3E-600.091, Amended 8-1-91, 6-16-92, 4-30-96, 9-19-00, Formerly 3E-600.0091, Amended 5-15-07, 11-22-10, 11-11-13, Repealed 12-29-15.

Rulemaking Authority 517.03, 517.12(6), (15), 517.1201 FS. Law Implemented 517.1201 FS. History-New 7-31-02, Formerly 3E-600.0092, Amended 3-16-06, 5-15-07, 11-22-10, 11-11-13, Repealed 12-29-15.

Rulemaking Authority 517.03, 517.12(6), (15), 517.1202 FS. Law Implemented 517.12(10), (11), (15), 517.1202 FS. History-New 7-31-02, Formerly 3E-600.0093, Amended 3-16-06, 5-15-07, 11-22-10, 11-11-13, Repealed 12-29-15.

Rulemaking Authority 517.03 FS. Law Implemented 517.12(6), (12), 517.161 FS. History-New 12-5-79, Amended 9-20-82, Formerly 3E-600.10, Amended 9-19-00, Formerly 3E-600.010, Amended 11-22-10, Repealed 12-29-15.

(1)(a) Confirmation of Transactions: Every dealer registered in this state shall give or send to the customer a written confirmation at or before completion of each transaction. Such confirmation shall set forth at least the following: 1. A description of the security purchased o…

(1) The following are deemed violations by a dealer under Section 517.161(1)(a), F.S., without limiting that term to the practices specified herein: (a) Extending, arranging for, or participating in arranging for credit to a customer in violation of Regulation T, Credit by Broker…

(1) The following are prohibited business practices for investment advisers and associated persons pursuant to Section 517.1215(2), F.S., and are deemed violations by an investment adviser or an associated person of an investment adviser under Section 517.161(1)(a), F.S., without…

(1) Definitions. For purposes of this rule: (a) "Custody" means holding directly or indirectly, client funds or securities, or having any authority to obtain possession of them or has the ability to appropriate them. The investment adviser has custody if a related person holds, d…

(1) The use of a senior-specific certification or senior-specific professional designation by any person in connection with the offer, sale, or purchase of securities, or the provision of advice as to the value of or the advisability of investing in, purchasing, or selling securi…

Except as otherwise provided herein, every dealer, investment adviser, branch office, and associated person conducting business in this state shall prepare and maintain on a current basis, and preserve for the periods of time specified, such records, prescribed herein, as are app…

Any dealer or investment adviser who delays a disbursement or transaction of funds or securities from an account of a specified adult or an account for which a specified adult is a beneficiary or beneficial owner shall, not later than three (3) business days after the date on whi…

(1) Requirements of intermediaries to reduce risk of fraud. Pursuant to Section 517.0611(13)(a), F.S., an intermediary must take measures to reduce the risk of fraud with respect to transactions. Such measures include denying or removing an issuer's access to the intermediary's p…

Rulemaking Authority 517.03(1), 517.12(9), 517.121(2) FS. Law Implemented 517.12(9), 517.121(2) FS. History-New 12-5-79, Amended 9-20-82, Formerly 3E-600.15, Amended 6-16-92, 10-30-03, 4-8-04, Formerly 3E-600.015, Amended 11-22-10, 9-22-14, Repealed 5-6-15.

(1) For purposes of this rule: (a) "Audited financial statements" means financial statements that must be: 1. Examined in accordance with United States generally accepted auditing standards and prepared in conformity with generally accepted accounting principles; 2. Audited by a …

Rulemaking Authority 517.03(1) FS. Law Implemented 517.12(9), (16) FS. History-New 12-5-79, Amended 9-20-82, Formerly 3E-600.16, Amended 10-15-86, 8-1-91, 6-29-93, 11-22-93, Formerly 3E-600.016, Amended 11-22-10, 9-22-14, Repealed 5-6-15.

(1) Net capital requirements for investment advisers. The net capital of an investment adviser applicant or registrant under Section 517.12, F.S., shall be maintained at all times at a level required by this rule. (a) An investment adviser registered or required to be registered …

All Dealer applicants and registrants subject to the net capital provisions of subsection 69W-600.0151(2), F.A.C., shall be required to prepare and maintain such records and accounts as specified in, and to comply in all other respects with, the provisions of SEC Rule 15c3-3 and …

Rulemaking Authority 517.03(1) FS. Law Implemented 517.12(18), 517.161(1) FS. History-New 12-21-95, Amended 8-19-99, 10-30-03, Formerly 3E-600.020, Amended 11-22-10, 9-22-14, Repealed 11-26-19.

Rulemaking Authority 288.99(4)(h) FS. Law Implemented 288.99(4) FS. History-New 9-15-98, Amended 12-12-02, Formerly 3E-7.001, Repealed 7-1-12.

Rulemaking Authority 288.99(4)(h) FS. Law Implemented 288.99(4) FS. History-New 9-15-98, Amended 12-12-02, Formerly 3E-7.002, Repealed 7-1-12.

Rulemaking Authority 288.99(4)(h) FS. Law Implemented 288.99(4) FS. History-New 9-15-98, Amended 12-12-02, Formerly 3E-7.003, Repealed 7-1-12.

Rulemaking Authority 288.99(4)(h) FS. Law Implemented 288.99(10) FS. History-New 9-15-98, Formerly 3E-7.004, Repealed 7-1-12.

Rulemaking Authority 288.99(4)(h) FS. Law Implemented 288.99(4) FS. History-New 9-15-98, Formerly 3E-7.005, Repealed 7-1-12.

Rulemaking Authority 288.99(4)(h) FS. Law Implemented 288.99(4) FS. History-New 9-15-98, Amended 12-12-02, Formerly 3E-7.006, Repealed 7-1-12.

Rulemaking Authority 288.99(4)(h) FS. Law Implemented 288.99(3), (4), (5), (8), (9) FS. History-New 9-15-98, Amended 12-12-02, Formerly 3E-7.007, Repealed 7-1-12.

Rulemaking Authority 288.99(4)(h) FS. Law Implemented 288.99(4) FS. History-New 9-15-98, Formerly 3E-7.008, Repealed 7-1-12.

(1) An applicant for registration of securities pursuant to Section 517.081, F.S., shall comply with the rules contained in Chapter 69W-700, F.A.C. An applicant shall file forms and fees electronically on the Office of Financial Regulation (Office) website at https://real.flofr.c…