Fla. Stat. 517.1215
Requirements, rules of conduct, and prohibited business practices for investment advisers and their associated persons

(1)

The commission shall specify by rule requirements for investment advisers deemed to have custody of client funds which concern the following:Notification of custody of, maintenance of, and safeguards for client funds.Communications with clients and independent representatives.Requirements for investment advisers who have custody of pooled investments.Exceptions to the custody requirements.

In adopting the rules, the commission shall consider the rules and regulations of the federal regulatory authority and the North American Securities Administrators Association, Inc.

(a)

Notification of custody of, maintenance of, and safeguards for client funds.

(b)

Communications with clients and independent representatives.

(c)

Requirements for investment advisers who have custody of pooled investments.

(d)

Exceptions to the custody requirements.

(2)

The commission shall by rule establish rules of conduct and prohibited business practices for investment advisers and their associated persons. In adopting the rules, the commission shall consider general industry standards as expressed in the rules and regulations of the various federal and self-regulatory agencies and regulatory associations, including, but not limited to, the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the North American Securities Administrators Association, Inc.

Source: Section 517.1215 — Requirements, rules of conduct, and prohibited business practices for investment advisers and their associated persons, https://www.­flsenate.­gov/Laws/Statutes/2024/0517.­1215 (accessed Aug. 7, 2025).

517.03
Rulemaking 517.07
Registration of securities 517.011
Short title 517.12
Registration of dealers, associated persons, intermediaries, and investment advisers 517.021
Definitions 517.32
Exemption from excise tax, certain obligations to pay 517.34
Protection of specified adults 517.051
Exempt securities 517.061
Exempt transactions 517.072
Viatical settlement investments 517.075
Cuba, prospectus disclosure of doing business with, required 517.081
Registration procedure 517.082
Registration by notification 517.101
Consent to service 517.111
Revocation or denial of registration of securities 517.121
Books and records requirements 517.122
Arbitration 517.131
Securities Guaranty Fund 517.141
Payment from the fund 517.151
Investments of the fund 517.161
Revocation, denial, or suspension of registration of dealer, investment adviser, intermediary, or associated person 517.171
Burden of proof 517.191
Enforcement by the Office of Financial Regulation 517.201
Investigations 517.211
Private remedies available in cases of unlawful sale 517.275
Commodities 517.301
Fraudulent transactions 517.302
Criminal penalties 517.313
Destroying certain records 517.315
Fees 517.0611
The Florida Limited Offering Exemption 517.0612
Florida Invest Local Exemption 517.0613
Failure to comply with a securities registration exemption 517.0614
Integration of offerings 517.0615
Solicitations of interest 517.0616
Disqualification 517.1201
Notice filing requirements for federal covered advisers 517.1202
Notice-filing requirements for branch offices 517.1205
Registration of associated persons specific as to securities dealer, investment adviser, or federal covered adviser identified at time of registration approval 517.1214
Continuing education requirements for associated persons of investment advisers and federal covered advisers 517.1215
Requirements, rules of conduct, and prohibited business practices for investment advisers and their associated persons 517.1217
Rules of conduct and prohibited business practices for dealers and their associated persons and for intermediaries 517.1611
Guidelines 517.2015
Confidentiality of information relating to investigations and examinations 517.2016
Public records exemption

Current through Fall 2025

§ 517.1215. Requirements, rules of conduct, & prohibited business practices for investment advisers and their associated persons's source at flsenate​.gov