{"data":{"id":"us-ok/okla.-stat.-tit.-71-71-1-410","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 71, § 71-1-410","heading":"Postregistration requirements","body":"\n\nA. Subject to Section 15(i) of the Securities Exchange Act of\n\n1934 (15 U.S.C. Section 78o(i)) or Section 222 of the Investment\n\nAdvisers Act of 1940 (15 U.S.C. Section 80b-18a), a rule adopted or\n\norder issued under this act may establish minimum financial\n\nrequirements for broker-dealers registered or required to be\n\nregistered under this act and investment advisers registered or\n\nrequired to be registered under this act.\n\nB. Subject to Section 15(i) of the Securities Exchange Act of\n\n1934 (15 U.S.C. Section 78o(i)) or Section 222 of the Investment\n\nAdvisers Act of 1940 (15 U.S.C. Section 80b-18a), a broker-dealer\n\nregistered or required to be registered under this act and an\n\ninvestment adviser registered or required to be registered under\n\nthis act shall file such financial reports as are required by a rule\n\nadopted or order issued under this act. If the information\n\ncontained in a record filed under this subsection is or becomes\n\ninaccurate or incomplete in a material respect, the registrant shall\n\npromptly file a correcting amendment.\n\nC. Subject to Section 15(i) of the Securities Exchange Act of\n\n1934 (15 U.S.C. Section 78o(i)) or Section 222 of the Investment\n\nAdvisers Act of 1940 (15 U.S.C. Section 80b-18a):\n\n1. A broker-dealer registered or required to be registered\n\nunder this act and an investment adviser registered or required to\n\nbe registered under this act shall make and maintain the accounts,\n\ncorrespondence, memoranda, papers, books, and other records as\n\nrequired by rule adopted or order issued under this act;\n\n2. Broker-dealer records required to be maintained under\n\nparagraph 1 of this subsection may be maintained in any form of data\n\nstorage acceptable under Section 17(a) of the Securities Exchange\n\nAct of 1934 (15 U.S.C. Section 78q(a)) if they are readily\n\naccessible to the Administrator; and\n\n3. Investment adviser records required to be maintained under\n\nparagraph 1 of this subsection may be maintained in any form of data\n\nstorage required by rule adopted or order issued under this act.\n\nD. The records of a broker-dealer registered or required to be\n\nregistered under this act and an investment adviser registered or\n\nrequired to be registered under this act are subject to such\n\nreasonable periodic, special, or other audits or inspections by a\n\nrepresentative of the Administrator, within or without this state,\n\nas the Administrator considers necessary or appropriate in the\n\npublic interest and for the protection of investors. An audit or\n\ninspection may be made at any time and without prior notice. The\n\nAdministrator may copy, and remove for audit or inspection copies\n\nof, all records the Administrator reasonably considers necessary or\n\nappropriate to conduct the audit or inspection. The Administrator\n\nmay assess a reasonable charge for conducting an audit or inspection\n\nunder this subsection.\n\nE. Subject to Section 15(i) of the Securities Exchange Act of\n\n1934 (15 U.S.C. Section 78o(i)) or Section 222 of the Investment\n\nAdvisers Act of 1940 (15 U.S.C. Section 80b-18a), an agent may not\n\nhave custody of funds or securities of a customer except under the\n\nsupervision of a broker-dealer and an investment adviser\n\nrepresentative may not have custody of funds or securities of a\n\nclient except under the supervision of an investment adviser or\n\nfederal covered investment adviser. A rule adopted or order issued\n\nunder this act may prohibit, limit, or impose conditions on a\n\nbroker-dealer regarding custody of funds or securities of a customer\n\nand on an investment adviser regarding custody of securities or\n\nfunds of a client.\n\nF. With respect to an investment adviser registered or required\n\nto be registered under this act, a rule adopted or order issued\n\nunder this act may require that information be furnished or\n\ndisseminated to clients or prospective clients in this state as\naler regarding custody of funds or securities of a customer\n\nand on an investment adviser regarding custody of securities or\n\nfunds of a client.\n\nF. With respect to an investment adviser registered or required\n\nto be registered under this act, a rule adopted or order issued\n\nunder this act may require that information be furnished or\n\ndisseminated to clients or prospective clients in this state as\n\nnecessary or appropriate in the public interest and for the\n\nprotection of investors and advisory clients.\n\nG. A rule adopted or order issued under this act may require\n\nany individual registered under Section 1-402 or 1-404 of this title\n\nto participate in a continuing education program which is approved\n\nby the Securities and Exchange Commission and administered by a\n\nself-regulatory organization or, in the absence of such a program, a\n\nrule adopted or order issued under this act may require continuing\n\neducation for an individual registered under Section 1-404 of this\n\ntitle.","path":["OK Code","Title 71"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os71.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"379311f7fc716af95097d8ec90efc9c6cae6de3270f4e363570ee3222e16bdc9","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-71-71-1-409","next":"us-ok/okla.-stat.-tit.-71-71-1-411"},"notice":"GroundRules: Original legal text. Not legal advice."}