Cal. Code Regs. Tit. 10, § 260.216.9 - Transmission or Maintenance of Payments Received in Connection with Underwritings
Current through Register 2022 Notice Reg. No. 16, April 25, 2022
It shall constitute a "fraudulent, deceptive or manipulative act or practice," as used in subdivision (b) of Section 25216 of the Code, for any broker-dealer participating in any distribution of securities, other than a firm commitment underwriting, to accept any part of the sale price of any security being distributed unless:
Note: Authority cited: Sections 25216(b) and 25610, Corporations Code. Reference: Sections 25216(b) and 25610, Corporations Code.
The following state regulations pages link to this page.
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.