Ill. Admin. Code tit. 50, § 907.60 - Dealer Trading
a) The sale by
a dealer, either as principal or agent, of any such shares at a price
reasonably related to the current market price of such shares shall be
exempt.
b) The exemption provided
in this Section shall apply only if the sale is made in good faith and not for
the purpose of avoiding any of the provisions of Section 147.1 of the Illinois
Insurance Code, and only if such sale is not made for the direct or indirect
benefits of the issuer of the shares, or a controlling person in respect of
such issuer (unless the sale is pursuant to Section 147.1(3) (c) or Section
907.50 of this Part.
Notes
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