N.J. Admin. Code § 13:47A-2.4

Current through Register Vol. 56, No. 24, December 18, 2024

Section 13:47A-2.4 - Cash or securities in lieu of bond

(a) Subject to the limitations of Section 222 of the Investment Advisers Act of 1940 ( 15 U.S.C. § 80b- 18a), in lieu of the bond required by N.J.A.C. 13:47A-2.2 (Capital requirements), the applicant may deposit cash or securities with the Bureau Chief, and the amount thereof shall be determined by the Bureau Chief having due regard for the amount of the bond required and the nature of the securities furnished.

(b) No securities other than those listed on the New York Stock Exchange or the NYSE MKT LLC or designated or approved for designation upon notice of issuance as a NASDAQ Global Select Market security will be accepted, except that mutual funds may be accepted in certain cases, in the discretion of the Bureau Chief.

Amended by 47 N.J.R. 2155(a), effective 8/17/2015