2017 State Requirements for Broker/Dealer Annual Audited Financial Statements Required Note: The following select states require broker/dealers to submit hardcopy annual audits financial statements within a specific time period from the broker/dealer’s fiscal year-end.
AZ
Arizona Corporation Commission Securities Division 1300 W. Washington St., 3rd Floor Phoenix, AZ 85007
In accordance with Article 9, Section 44-1948(A)2 of the Arizona Securities Act, in the case of a dealer that is registered under the securities exchange act of 1934 and to the extent requested by the commission, any financial information that is required to be provided to the SEC or its designee under the securities exchange act of 1934. The dealer shall simultaneously file the same financial information with the commission. Rule Reference
HI
*Waiver Department of Commerce & Consumer Affairs Division of Business Regulation 335 Merchant Street, Room 203 Honolulu, HI 96813
According to 16-39-404 of the Hawaii Administrative Rules effective 06/30/08, registered broker/dealers are required to file annual audited financials within ninety (90) days following the end of the fiscal year unless the broker-dealer files a “Waiver Eligibility Certification for Filing of Annual Report of Condition by Dealers Registered in Hawaii.” (note: Waiver must be requested via facsimile). Rule Reference
LA
*Louisiana Domiciled Louisiana Commission of Securities 8660 United Plaza Blvd, 2nd Floor Baton Rouge, LA 70809-7024
According to Policy No. S-01-02006 of the Securities Division of the Office of Financial Institutions, and Sec. 703(B)(1)(j) and 703(F), *Louisiana domiciled broker/dealers are required to send annual audited financials within ninety (90) days of the broker/dealer’s fiscal year-end; out-of-state broker/dealers annual audited financials are filed with FINRA. Rule Reference
NH
NH Bureau of Securities Regulation 107 North Main Street, Room 204 Concord, NH 03301
Pursuant to Section 421-B:4-411(b)(1) of the NH Statues, every brokerdealer or agent doing business in this state unless otherwise directed shall, within 60 days after the close of its fiscal year, make and transmit to the secretary of state a filing under oath of its chief managing officer showing or providing the financial statement, changes in management, changes in ownership, and any significant changes in the method of doing business for the preceding fiscal year, except as provided by section 15(h) of the Securities Exchange Act of 1934 in the case of a broker-dealer. The filing shall include statements or periodic reports filed with any regulatory, state, or federal authority or exchange if so directed by order or rule of the secretary of state. Every broker-dealer shall include audited financial statements certified by an independent certified public accountant consisting of a balance sheet, income statement, statement of cash flows, a reconciliation of surplus and appropriate notes prepared in accordance with generally accepted accounting principles. Rule Reference
2017 State Req. for Broker/Dealer Annual Audited Financial Statements Prepared by Connexien LLC
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