S.D. Admin. R. 20:08:07:20

Current through Register Vol. 50, page 162, June 24, 2024

Section 20:08:07:20 - Unsolicited orders

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

28 SDR 48, effective 10/10/2001; 30 SDR 211, effective 7/1/2004.

General Authority: SDCL 47-31B-605(a)(1), 47-31B-605(b).

Law Implemented: SDCL 47-31B-202(6).