§ 11-51-409 — Access to records

Colorado § 11-51-409

• Jurisdiction: Colorado
• Title 11: Financial
• Art.: Securities

Text

(1) The securities commissioner, in a manner
reasonable under the circumstances, may examine, without notice, the records,
within or without this state, of a licensed broker-dealer or investment adviser that
are required to be made and maintained pursuant to this article in order to
determine compliance with this article. A licensed broker-dealer or investment
adviser may maintain such records in any form of data storage if the records are
readily accessible to the securities commissioner in legible form.

(2) The securities commissioner, in a manner reasonable under the
circumstances, may copy records required to be made and maintained under this
article or require a licensed broker-dealer or investment adviser, at the expense of
the broker-dealer or investment adviser, to copy such records and provide copies to
the securities commissioner.

(3) The securities commissioner, in a manner reasonable under the
circumstances, may examine, without notice, the records, within or without this
state, of a licensed sales representative or investment adviser representative that
are made and maintained by the sales representative or investment adviser
representative in the normal course of business in order to determine compliance
with this article.

(4) The securities commissioner, in a manner reasonable under the
circumstances, may copy records made and maintained by a licensed sales
representative or investment adviser representative in the normal course of
business or require a licensed sales representative or investment adviser
representative, at the sales representative's or investment adviser representative's
expense, to copy such records and provide copies to the securities commissioner.

Legislative History

Source: L. 90: Entire article R&RE, p. 725, � 1, effective July 1. L. 98: Entire section amended, p. 558, � 12, effective January 1, 1999.