Missouri Administrative Code

as broker-dealer shall contain the information outlined in PURPOSE: This rule covers general instructions applicable section 409.4-406(a) of the Act and in this rule. Financial to persons applying for registration as broker-dealer, agent, Industry Regulatory Authority (FINRA) mem…

Filings initial application for registration: 1. Electronically-filed Form ADV; PURPOSE: This rule prescribes the information to be contained in 2. Form SADV-1, the State Covered Investment Adviser Denny Hoskins (1/29/25) CODE OF STATE REGULATIONS 3 Secretary of State DIVISION 30…

safeguards that have been established for the protection of PURPOSE: This rule prescribes the content of financial statements customers’ funds, investors would not be adversely affected. filed by persons applying for registration and by persons registered as a broker-dealer or as…

Deficiency agreement. PURPOSE: This rule requires broker-dealers to furnish the (2) The client may provide the same trusted contact person commissioner notice of impending net capital deficiency, and information to the investment adviser as was provided to the announces the commi…

Investment Advisers AUTHORITY: sections 409.202 and 409.413(a), RSMo 1978. Original PURPOSE: This rule prescribes the minimum capital required of rule filed June 25, 1968, effective Aug. 1, 1968. Amended: Filed investment advisers. May 21, 1969, effective Aug. 1, 1969. Amended: F…

AUTHORITY: sections 409.4-411(a) and 409.6-605, RSMo 2016.* Original rule filed June 25, 1968, effective Aug. 1, 1968. Amended: PURPOSE: This rule prescribes the commingling by broker-dealers 6 CODE OF STATE REGULATIONS (1/29/25) Denny Hoskins Secretary of State 15 CSR 30-51—ELEC…

Advisers (E) If a broker-dealer is acting as agent for the customer, the following additional information or a statement that same will PURPOSE: This rule prohibits the custody of clients’ securities or be furnished upon request: funds by registered investment advisers. 1. The na…

(Rescinded January 30, 2020) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 15 CSR 30-51.140 Records Required of and To Be Preserved by Investment Advisers . . . . . . 8 15 CSR 30-51.145 Compensation Arrangements Involving Investment Advisers . . . …

Investment Advisers the business of such investment adviser as such; (K) A copy of each notice, circular, advertisement, newspaper PURPOSE: This rule prescribes the books and records to be kept by article, investment letter, bulletin or other communication investment advisers tha…

Investment Advisers be considered complete when an application, including any amendments, has been filed with the division. A completed PURPOSE: This rule permits compensation arrangements presently application shall contain comprehensive responses to all allowed by the United St…

(Rescinded February 29, 2004) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 15 CSR 30-51.160 Effectiveness and Post-Effective Requirements . . . . . . . . . . . . . . . . . . . . . . 10

Requirements Registration Depository (IARD) System shall be timely filed in accordance with the requirements of the CRD or IARD. PURPOSE: This rule specifies when the registration of broker- (D) An applicant for renewal registration may incorporate by dealers, agents and investme…

Trust Companies or Savings Institutions . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Denny Hoskins (11/30/25) CODE OF STATE REGULATIONS 1 Secretary of State 15 CSR 30-51.169 Fraudulent Practices of Broker-Dealers and Agents . . . . . . . . . . . . . . . . . . . 13…

Agents of an agent with respect to sales and purchases in the same security; PURPOSE: This rule identifies practices in the securities business 8. In connection with the solicitation of a sale of an equity which are generally associated with schemes to manipulate. security, or a …

Agents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 15 CSR 30-51.171 Supervision Guidelines for Broker-Dealers . . . . . . . . . . . . . . . . . . . . . . . . . . 16

(L) The firm has and implements procedures and systems for PURPOSE: This rule provides guidance for reasonable supervision reasonable oversight of supervisors; and by broker-dealers. (M) The firm has a reasonable policy for disciplinary and progressive supervisory action, which i…

and Investment Adviser Representatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 15 CSR 30-51.173 Supervision Guidelines for Investment Advisers . . . . . . . . . . . . . . . . . . . . . 18

Adviser Representatives (Expired May 4, 2025) . . . . . . . . . . . . . . . . . . . . . . 19 15 CSR 30-51.175 Exclusion From Definition of Broker-Dealer . . . . . . . . . . . . . . . . . . . . . . . . . 19

PURPOSE: The commissioner is authorized by the Missouri AUTHORITY: sections 409.1-102(4) and 409.6-605, RSMo Supp. Securities Act of 2003 to create exceptions from the definition 2003.* Original rule filed Feb. 13, 2004, effective July 30, 2004. of broker-dealer. This rule exclud…

Investment Advisers, and Investment Adviser Representatives . . . . . . . 19 2 CODE OF STATE REGULATIONS Denny Hoskins (11/30/25) Secretary of State 15 CSR 30-51—ELECTED OFFICIALS DIVISION 30—SECRETARY OF STATE TITLE 15—ELECTED OFFICIALS and the documents to accompany application…

cation. A registration statement to register be prepared using the following forms and PURPOSE: This rule prescribes general poli- securities by coordination or qualification shall contain the information specified in the cies, and the meaning of terms under the Act shall contain…

tration Amended: Filed May 21, 1969, effective Aug. PURPOSE: This rule prescribes the prepara- 1, 1969. Amended: Filed July 21, 1972, PURPOSE: This rule prescribes the forms tion and use of a disclosure document in the effective Aug. 1, 1972. Amended: Filed Nov. and other documen…

ed in the prospectus under a registration by 750 First Street, NE, Suite 1140, Washing- PURPOSE: This rule prescribes the general qualification. ton, DC 20002, and available at standards for financial statements to be used http://www.nasaa.org/regulatory-activity/state- (5) Prosp…

(Rescinded February 28, 2003) Act: Feb. 28, 2003. 1. A gross income of forty-five thousand AUTHORITY: sections 409.306 and dollars ($45,000) and a net worth of forty- 409.413(a), RSMo 1986. Original rule filed five thousand dollars ($45,000) (exclusive of 15 CSR 30-52.150 Real Es…

(Rescinded February 28, 2003) .............................................................6 15 CSR 30-52.140 Periodic Payment Plans (Rescinded February 28, 2003).................................6

(Rescinded February 28, 2003) ..............................................................6

(Rescinded February 28, 2003) ..............................................................7

in Payments Out of Production Thereunder (Rescinded February 11, 1979)........7 JASON KANDER (6/30/14) CODE OF STATE REGULATIONS 1 Secretary of State 15 CSR 30-52.180 Limited Partnerships (Rescinded February 28, 2003) ....................................7 15 CSR 30-52.190 Foreign…

(Rescinded February 28, 2003) 15, 1974, effective Nov. 25, 1974. Rescinded and readopted: Filed Jan. 3, 1990, effective AUTHORITY: sections 409.306 and 15 CSR 30-52.210 Securities Issued by March 11, 1990. Rescinded: Filed Aug. 30, 409.413(a), RSMo 1986. Original rule filed Close…

(Rescinded February 28, 2003) .............................................................7 15 CSR 30-52.220 Cattle Feeding and Similar Programs (Rescinded February 11, 1979) ................7 15 CSR 30-52.230 Sample Form of Security Escrow Agreement (Rescinded February 28, 2003…

(Rescinded January 29, 1988) ...............................................................7 15 CSR 30-52.250 Impoundment of Proceeds (Rescinded February 28, 2003) .............................7 15 CSR 30-52.260 Suggested Form of Offer of Refund (Rescission) ....................…

(Rescinded November 11, 1984) ............................................................8 15 CSR 30-52.271 Missouri Issuer Registration (Rescinded February 28, 2003)...........................8

(Rescinded February 28, 2003) .............................................................8

(Rescinded February 28, 2003) .............................................................8 15 CSR 30-52.275 Small Company Offering Registrations (formerly Missouri Issuer Registration)....8 15 CSR 30-52.280 Withdrawal of a Registration Statement.................................…

tration Statement (B) Any inaccurate, incorrect, or mislead- the U.S. Securities and Exchange Commis- ing statements contained in the registration sion. PURPOSE: This rule prescribes policies and statement. procedures for withdrawing a registration (C) Any material change relatin…

(Rescinded February 28, 2003) ters of vote by security holders; and of an offering in Missouri, the registrant shall 16. Change in financial condition or provide a written statement to the Securities AUTHORITY: sections 409.302(c), financial statements, including financial fore- …

ments and Notices to a Registration State- to any other state or regulatory authority for AUTHORITY: sections 409.3-305(i) and ment permission to withdraw any application to 409.6-605, RSMo Supp. 2003.* Original rule register the securities covered by the registra- filed June 25,…

1. The type of securities sold; 2. With respect to every elected official Renewal of a Registration Statement 2. The number and amount of securities performing legislative functions for the sold; issuer, the chief executive officer of the issuer PURPOSE: This rule requires that a…

by Issuers other selling expenses, including legal, engi- PURPOSE: This rule specifies the securities registration requirements created by sections neering and accounting charges; the name PURPOSE: This rule prescribes the records and address of every underwriter and every to be …

Bonds determining them and their maximum and

To Be Filed, Permitted Without Filing and and circumstances unless those facts and cir- (B) Dividend notices, proxy statements, Prohibited cumstances are stated and modified or and reports to shareholders, including invest- explained by additional facts or circum- ment company qu…

filed for investment companies, that include an open-end or PURPOSE: This rule prescribes general policies and procedures closed-end investment company, unit investment trust or face applicable to exemptions from the registration of securities. amount certificate company, as thos…

(Rescinded February 29, 2004) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

or Similar Association Securities (Rescinded February 29, 2004) . . . . . . . 4

Company Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 15 CSR 30-54.060 Stock Exchange Listed Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 15 CSR 30-54.070 Not-for-Profit Securities …

cross-reference table to indicate compliance with, or deviation PURPOSE: This rule prescribes policies applicable to the exemption from, the various sections of the applicable NASAA statement on approved stock exchanges of securities listed or approved for of policy. listing upon…

(Rescinded February 29, 2004) (1) Any purchaser acquiring a security pursuant to the exemption specified in section 409.2-202(6) of the Missouri Securities Act AUTHORITY: sections 409.402(a)(10) and 409.413(a), RSMo 1986. of 2003 shall acknowledge in writing that his/her order to…

(Rescinded February 29, 2004) 2003.* Original rule filed June 25, 1968, effective Aug. 1, 1968. Amended: Filed May 21, 1969, effective Aug. 1, 1969. Amended: AUTHORITY: sections 409.402(a)(11) and 409.413(a), RSMo 1986. Original rule filed June 25, 1968, effective Aug. 1, 1968. A…

(6) Filing Fee. Each request for exemption under section 409.2– 201(7)(B), RSMo shall include a filing fee of one hundred dollars PURPOSE: This rule prescribes recognized securities manuals ($100) as specified in Missouri regulation 15 CSR 30-50.030. and policies applicable to no…