Issuer-Dealer Financial Statement - Filing Requirements

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    1.  Within 60 days of its fiscal year end, each issuer-dealer must submit, directly to the Bureau, a complete financial statement (balance sheet, income statement, cash flow statement, changes in owners' equity statement and note disclosures), which need not be audited, but which shall be prepared in accordance with generally accepted accounting principles and represented by the issuer-dealer or the person who prepared the statement as true and accurate, as of the end of the issuer-dealer's fiscal year.  An audited financial statement may be submitted in place of the above. 

    2.  An issuer-dealer may send the Bureau a written request for an extension of time to file and the Bureau may grant up to an additional 60 days.  Confirmation of any extension granted will be sent by the Bureau.  In all cases, either an audited financial statement or a statement prepared as described in the above paragraph must be received by the Bureau within 120 days of the issuer-dealer's fiscal year end. 

    3.  A statutory penalty of $25 per day for each day the financial statement is late, beyond the due date or any extension date, will be assessed.