La. Admin. Code tit. 37 § XIII-7517
Current through Register Vol. 50, No. 6, June 20, 2024
Section XIII-7517 - Exemption from the Act of Securities Purchased or Sold by Odd-Lot DealersA. Securities purchased or sold by an odd-lot dealer:1. in odd lots so far as reasonably necessary to carry on odd-lot transactions; or2. 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 with respect to participation by such odd-lot dealer in such transactions.La. Admin. Code tit. 37, § XIII-7517
Promulgated by the Department of Insurance, Commissioner of Insurance, July 1, 1966, amended April 1, 1967.AUTHORITY NOTE: Promulgated in accordance with R.S. 22:2.