Inspection and Audit powers: Board may require periodical returns and compel production of books and information for compliance. Every Self Regulatory Organization must furnish specified periodical returns and maintain books of account and other documents for prescribed periods; those records are subject to inspection by the Board. The Board may call for written information or explanations from an SRO's Board or members, appoint persons to conduct inquiries or direct the SRO to inquire, and require identified officers, members, partners and related persons to produce books and furnish statements or information within specified timeframes.
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Provisions expressly mentioned in the judgment/order text.
Inspection and Audit powers: Board may require periodical returns and compel production of books and information for compliance.
Every Self Regulatory Organization must furnish specified periodical returns and maintain books of account and other documents for prescribed periods; those records are subject to inspection by the Board. The Board may call for written information or explanations from an SRO's Board or members, appoint persons to conduct inquiries or direct the SRO to inquire, and require identified officers, members, partners and related persons to produce books and furnish statements or information within specified timeframes.
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