4 N.C. Admin. Code 6C.1203
Current through Register Vol. 39, No. 6, September 16, 2024
Transactions such as options to buy or sell securities for merely speculative purposes are unsafe and unsound practices. Credit unions may not enter into standby commitments or cash forward agreements to purchase or sell securities or reverse repurchasing agreements when used in a speculative pyramiding manner with the intent of using the funds received to purchase other securities.
04 N.C. Admin. Code 06C .1203
Eff. April 1, 1979;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. September 6, 2016.
Eff. April 1, 1979.