§ 7-11-215. Custody of clients’ securities and funds.
Unless prohibited by rule or order of the director, an investment adviser registered under this chapter may take or retain custody of securities or funds of a client.
History of Section.P.L. 1990, ch. 460, § 2; P.L. 1997, ch. 69, § 1.
Structure Rhode Island General Laws
Title 7 - Corporations, Associations and Partnerships
Chapter 7-11 - Rhode Island Uniform Securities Act
Section 7-11-201. - Broker-dealer and sales representative licensing.
Section 7-11-202. - Exempt broker-dealers and sales representatives.
Section 7-11-203. - Investment adviser and investment adviser representative licensing.
Section 7-11-204. - Exempt investment advisers and investment adviser representatives.
Section 7-11-205. - Application.
Section 7-11-206. - Licensing and notice fees; and filing requirements for federal covered advisers.
Section 7-11-207. - Examinations.
Section 7-11-208. - Licensing.
Section 7-11-209. - Post-licensing requirements.
Section 7-11-210. - Licensing of successor firms.
Section 7-11-211. - Inspection power.
Section 7-11-212. - Grounds for denial, suspension, and revocation.
Section 7-11-213. - Denial, suspension, or revocation on grounds of lack of qualification.
Section 7-11-214. - Withdrawal.
Section 7-11-215. - Custody of clients’ securities and funds.