Cal. Code Regs. Tit. 10, § 260.216.6 - Record of Transactions in Discretionary Accounts

Current through Register 2022 Notice Reg. No. 16, April 25, 2022

The phrase "manipulative, deceptive, or other fraudulent scheme, device, or contrivance," as used in Subdivision (a) of Section 25216 of the Code, is hereby defined to include any act of any broker-dealer or agent designed to effect with or for any customer's account in respect to which such broker-dealer or its agent or employee is vested with any discretionary power any transaction of purchase or sale unless immediately after effecting such transaction such broker-dealer or agent makes a record of such transaction which record includes the name of such customer, the name, amount and price of the security, and the date and time when such transaction took place.

Notes

Cal. Code Regs. Tit. 10, § 260.216.6

Note: Authority cited: Sections 25216(a) and 25610, Corporations Code. Reference: Section 25216, Corporations Code.

1. Editorial correction filed 11-9-82 (Register 82, No. 46).

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