Florida Administrative Code
69 - DEPARTMENT OF FINANCIAL SERVICES
69W - Securities
Chapter 69W-700 - REGISTRATION OF SECURITIES
Section 69W-700.026 - Unsound Financial Condition
Universal Citation: FL Admin Code R 69W-700.026
Current through Reg. 50, No. 187; September 24, 2024
(1) Registration of an issuer may not be permitted if the financial statements demonstrate the issuer to have an unsound financial condition.
(2) Such unsound financial condition is determined by:
(a) An accumulated
deficit;
(b) Negative shareholders
equity;
(c) An inability to satisfy
current obligations as they become due;
(d) Negative cash flow; or
(e) Financial statements that include a
footnote or explanatory paragraph in the independent auditor's report regarding
the issuer's ability to continue as a going
concern.
Rulemaking Authority 517.03(1) FS. Law Implemented 517.081(3), (7) FS.
New 10-26-97, Formerly 3E-700.026, Amended 9-22-14.
Disclaimer: These regulations may not be the most recent version. Florida may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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