HAR §16-38-5.2. Registration; application

(a) An application for registration of a dealer shall be filed on Form BD, which may be filed with the commissioner directly or through the CRD. If Form BD is filed with the commissioner directly, it shall be originally executed. (b) The application shall be filed together with the filing fee of $200. Unless the applicant is registered as a broker or dealer under the SecuritiesExchange Act, the application shall be accompanied by a $5,000 bond, or cash or securities in lieu thereof, and either a verified balance sheet as of a date within thirty days of filing, or if the applicant has been engaged in business one year or more preceding, a balance sheet certified by an independent public accountant as of the last fiscal year, together with a balance sheet verified by the applicant as of a date within thirty days of filing. If the applicant is registered under the Securities Exchange Act, the applicant shall include with its application a copy of its most recent annual financial statement. (c) Additional exhibits or information not specifically required by the application may be submitted by the applicant. (d) The commissioner may require the applicant to file additional information if such information is necessary for the commissioner to determine whether to approve or deny the application. In accordance with the provisions of section 16- 38-4.5, any such additional information requested by the commissioner shall be requested in writing within sixty days of the commissioner's receipt of the application. [Eff 6/4/70; am 1/1/71; am and ren §16-38-5, 7/30/81; am, ren §16-38-5.2 and comp 10/12/85; am 4/4/87; am and comp 4/14/03] (Auth: HRS §485-2) (Imp: HRS §485-14)