Statutes, codes, and regulations
Virginia Administrative Code
Title 14 - INSURANCEAgency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 250 - RULES, REGULATIONS AND FORMS RELATING TO RESTRICTIONS ON THE PURCHASE AND SALE OF EQUITY SECURITIES OF DOMESTIC STOCK INSURANCE COMPANIES
Section 14VAC5-250-70 - Exemption from the act of securities purchased or sold by odd-lot dealers

14 Va. Admin. Code § 5-250-70

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Current through Register Vol. 40, No. 22, June 17, 2024
Section 14VAC5-250-70 - Exemption from the act of securities purchased or sold by odd-lot dealers

Securities purchased or sold by an odd-lot dealer (i) in odd lots so far as reasonably necessary to carry on odd-lot transactions or (ii) 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 (Section 38.2-214 of the Code of Virginia) with respect to participation by such odd-lot dealer in such transactions.

14 Va. Admin. Code § 5-250-70

Derived from Regulation 5, Case No. 18773, Rule 7, eff. April 1, 1970.

Statutory Authority

§ 38.2-214 of the Code of Virginia.