002-4 Wyo. Code R. § 4-1

Current through April 27, 2019

Section 4-1 - Initial Registration

An applicant seeking broker-dealer registration in Wyoming:

(a) Shall make initial application by completing the Form BD in accordance with the form instructions, filing the form with the CRD, and paying the fee set forth in W.S. § 17-4-410.

(b) Shall supply their last annual audited financial statement prepared by an independent certified public accountant and filed with the SEC pursuant to SEC Rule 17 a-5(d).

• (i) If a recently formed broker-dealer does not have an audited financial statement, an unaudited financial statement may be substituted if it has been signed and dated within 90 days of the date of application by an appropriate officer or principal of the broker-dealer. A copy of SEC Form X-17A-5 (Focus Report Part II or IIA) may be used as an unaudited financial statement provided that document includes Part II or Part IIA dated within 90 days of the date of application.

• (ii) The unaudited financial statement shall contain a compilation of net capital figured according to net capital regulations contained in federal laws and rules.

(c) Shall supplement the audited financial statement with the latest SEC Form X-17a-5 (Focus Report Part II or IIA). If the applicant does not report using the FOCUS Part II or IIA, an applicant may instead submit an unaudited financial statement signed and dated within 90 days of the date of application by an appropriate officer or principal of the broker-dealer which contains a statement of net capital compliance.

(d) Shall be registered with or be a member in good standing with the SEC and the appropriate Self-Regulatory Organization ("SRO") prior to submission of an initial application for broker-dealer registration.

002-4 Wyo. Code R. § 4-1

Amended, Eff. 10/27/2017.