S.D. Admin. R. 20:08:07:20
Current through Register Vol. 51, page 54, October 28, 2024
Any purchaser acquiring a security pursuant to the exemption specified in section SDCL 47-31B-202(6) shall acknowledge in writing that his/her order to buy was unsolicited. However, no such acknowledgement is required if the confirmation furnished the purchaser is clearly marked "Unsolicited Order" or the broker-dealer furnishes the purchaser before or concurrently with the delivery of the confirmation a memorandum stating that the transaction is based upon an unsolicited order to buy.
S.D. Admin. R. 20:08:07:20
General Authority: SDCL 47-31B-605(a)(1), 47-31B-605(b).
Law Implemented: SDCL 47-31B-202(6).