South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:08 - SECURITIES
Chapter 20:08:03 - Broker-dealer and agent rules
Section 20:08:03:08 - Written supervisory procedures
Universal Citation: SD Admin Rules 20:08:03:08
Current through Register Vol. 50, page 114, March 25, 2024
Each broker-dealer shall establish and keep current a set of written supervisory procedures and a system for applying such procedures, which may be reasonably expected to prevent and detect any violations of SDCL chapter 47-31 B and the rules and orders thereunder. The procedures shall include the designation by name or title of a number of supervisory employees reasonable in relation to the number of its registered agents, offices, and transactions in this state. A complete set of the procedures and system for applying them shall be kept and maintained at every office.
General Authority: SDCL 47-31B-605(a)(1).
Law Implemented: SDCL 47-31B-411(c).
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