Or. Admin. Code § 836-024-0135 - Exemptions from ORS 732.420 to 732.455 of Securities Purchased or Sold by Odd-lot Dealers

Securities purchased or sold by an odd-lot dealer are exempt from ORS 732.420 to 732.455 with respect to participation by the odd-lot dealer when the securities are purchased or sold:

(1) In odd lots that are reasonably necessary to carry on odd-lot transactions; or

(2) In round lots to offset odd-lot transactions previously or simultaneously executed or reasonably anticipated in the usual course of business.

Notes

Or. Admin. Code § 836-024-0135

ID 16-2006, f. & cert. ef. 8-7-06

Stat. Auth: ORS 731.244, 732.420, 732.430, 732.435, 732.445, 732.450, 732.455

Stats. Implemented: ORS 732.420 - 732.455