RSA Rule 19-1: Registration of Brokers and Dealers and their Personnel

July 10, 1996RSA RULE 19-1REGISTRATION OF BROKERS AND DEALERS AND THEIR PERSONNEL(a) Registration of Brokers and Dealers in Securities(1) Every application for registration of a broker dealer in securities shall be filed on SEC Form 19-1 which must be verified under oath. cdll(A) Such application shall contain information with regard to all branch offices of the registrant, if any.(B) Amendments to SEC Form 19-BD shall be filed by the registrant within ten (10) days of any change to the information previously filed with the Commission.(2) The application shall be submitted in two (2) copies accompanied by the following papers or documents:(A) A continuing authorization for the Commission's duly authorized representatives to verify the registrant's bank accounts. The authorization shall be for all banks wherein accounts are maintained by the broker or dealer, its subsidiaries and its affiliates and persons under common control with or by the broker or dealer and shall be continuous with registration by the Commission.(B) Surety bond in the amount of P5,000,000.00 for a broker, and P1,000,000.00 in the case of a...