New Jersey § 49:3-59

§ 49:3-59.

(a) (Deleted by amendment, P.L.1997, c. 276). (b) Every registered broker-dealer and investment adviser shall make and keep those accounts, correspondence, memoranda, papers, books, and other records as the bureau chief by rule prescribes. Such books, records and accounts shall conform to those prescribed by the Securities and Exchange Commission. All records and books so required shall be accessible to the bureau and preserved for three years unless the bureau chief by rule prescribes otherwise ; (c) With respect to investment advisers, the bureau chief may require by rule that

certain information be furnished or disseminated as necessary or appropriate in the

public interest or for the protection of investors and investment advisory clients. To the extent determined by the bureau chief, information furnished to clients or

prospective clients of an investment adviser that would be in compliance with the

“Investment Advisers Act of 1940” and the regulations promulgated thereunder may be

used in whole or partial satisfaction of this requirement; (d) Every registered broker-dealer and investment adviser shall file the financial

reports the bureau chief prescribes by rule, except that the bureau chief shall not

require a registered broker-dealer to file financial reports which exceed the limitations

provided in section 15 of the “Securities Exchange Act of 1934,” 15 U.S.C. § 78o ; (e) If the information contained in any document filed with the bureau is or becomes

inaccurate or incomplete in any material respect, the registrant shall promptly file a correcting amendment unless notification of the correction has been given under subsection (h) of section 9 of P.L.1967, c. 93 ( C.49:3-56 ) ; (f) All the records referred to in subsection (b) of this section are subject at any

time or from time to time to such reasonable periodic, special, or other examinations

by representatives of the bureau chief, within or without this State, as the bureau

chief deems necessary or appropriate in the public interest or for the protection

of investors. The bureau chief may cooperate with the securities administrators of other states,

the Securities and Exchange Commission, Commodity Futures Trading Commission, federal

and state banking regulators, state insurance regulators and any national securities

exchange or national securities association registered under the “Securities Exchange

Act of 1934.”