Statutes, codes, and regulations
Illinois Administrative Code
Title 14 - COMMERCEPart 130 - REGULATIONS UNDER ILLINOIS SECURITIES LAW OF 1953
Subpart B - DEFINITIONS
Section 130.285 - Definition, for Certain Purposes, of the Terms "Inequitable", "Tend to Work a Fraud or Deceit", "Inequitable Practice in the Sale of Securities", and "Fraudulent Business Practices", as Used in Section 8 and Section 11 of the Act

Ill. Admin. Code tit. 14 § 130.285

Download
PDF
Current through Register Vol. 48, No. 49, December 6, 2024
Section 130.285 - Definition, for Certain Purposes, of the Terms "Inequitable", "Tend to Work a Fraud or Deceit", "Inequitable Practice in the Sale of Securities", and "Fraudulent Business Practices", as Used in Section 8 and Section 11 of the Act
a) The failure of any dealer or salesperson to comply with Sections 130.810130.821, 130.824, 130.825, 130.827, 130.850, 130.851 and 130.855 of this Part shall constitute an inequitable practice in the sale of securities and a fraudulent business practice.
b) The failure of any investment adviser or investment adviser representative to comply with Sections 130.840, 130.841, 130.844, 130.845, 130.852, 130.853, 130.854 and 130.855 of this Part shall constitute an inequitable practice in the sale of securities and a fraudulent business practice.

Ill. Admin. Code tit. 14, § 130.285

Amended at 33 Ill. Reg. 12817, effective September 8, 2009