760 Ind. Admin. Code 1-12-8

Current through December 12, 2024

Section 760 IAC 1-12-8 - Exemption of securities purchased or sold by odd-lot dealers

Authority: IC 27-1-3-7

Affected: IC 27-2-10-2

Sec. 8.

Exemptions from the Act of Securities Purchased or Sold by Odd-Lot Dealers. Securities purchased or sold by an odd-lot dealer (1) in odd lots so far as reasonably necessary to carry on odd-lot transactions or (2) in round lots to offset odd-lot transactions previously or simultaneously executed or reasonably anticipated in the usual course of business, shall be exempt from the provisions of the Act [IC 27-2-10 ]with respect to participation by such odd-lot dealer in such transactions.

760 IAC 1-12-8

Department of Insurance; Reg 12,III,Sec 1-5; filed Jun 7, 1966, 9:00 am: Rules and Regs. 1967, p. 103; filed Jan 6, 1970, 8:40 am: Rules and Regs. 1971, p. 170; readopted filed Sep 14, 2001, 12:22 p.m.: 25 IR 531; readopted filed Nov 27, 2007, 4:01 p.m.: 20071226-IR-760070717RFA; readopted filed November 26, 2013, 3:43 p.m.: 20131225-IR-760130479RFA

Readopted filed 11/19/2019, 9:18 a.m.: 20191218-IR-760190497RFA

Renumbered Reg 12, II, Sec 1-5 by 1971 amendment.