48 Neb. Admin. Code, ch. 4, § 016 - DISHONEST AND UNETHICAL BUSINESS PRACTICES

016.01 The conduct set forth in 48 NAC 12.002 constitutes "an act, practice or course of business which operates, or would operate, as a fraud or deceit upon another person" by a broker-dealer for purposes of Section 8-1102(1)(c) of the Act.

016.02 The conduct set forth in 48 NAC 12.003 and 48 NAC 12.004 constitutes a "dishonest or unethical business practice" by a broker-dealer for purposes of Section 8-1103(9)(a)(vii) of the Act.

016.03 The delineation of certain acts and practices is not intended to be all inclusive. Acts or practices not enumerated in 48 NAC 12.002 and 48 NAC 12.003 may also be deemed fraudulent and dishonest.

Notes

48 Neb. Admin. Code, ch. 4, § 016

Adopted effective 6/13/2022