<html> <head> <title>Rule 20:08:03:09 Copies of complaints to be filed with director.</title> <META NAME="Keywords" Content="Administrative Rules 20:08:03:09"> <META NAME="Description" Content="Administrative Rules 20:08:03:09 Copies of complaints to be filed with director."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:08:03:09.&nbsp;&nbsp;Copies of complaints to be filed with director.</b> A broker-dealer shall file with the director a copy of any complaint related to its business transactions or operations in this state, which names the broker-dealer or any of its partners, officers, or agents as defendants in a civil or criminal proceeding or in an administrative or disciplinary proceeding by a public or private regulatory agency, within 20 days after the complaint is served on the broker-dealer. The broker-dealer shall file with the director a copy of any answer to the complaint filed by the broker-dealer within 10 days after it is filed. The broker-dealer shall file with the director a copy of any decision, order, or sanction made concerning the proceeding within 20 days after the decision, order, or sanction is entered.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 27 SDR 5, effective July 31, 2000; 30 SDR 211, effective July 1, 2004.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=47-31B-605(a)(1)">47-31B-605(a)(1).</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=47-31B-411(c)">47-31B-411(c).</A></p> </div> </body> </html>