10 Va. Admin. Code § 5-22-100 - Securities advice prohibited; exception

Current through Register Vol.. 38, No. 17, April 11, 2022

An affiliated trust company may not express an opinion as to the advisability of purchasing any security underwritten by an affiliate, or in which any affiliate makes a market, unless the affiliated trust company clearly discloses in writing that the trust company and the underwriting affiliate are under common ownership, that the affiliate is underwriting or dealing in the security, and that the affiliate has a financial interest in the sale of the security, which interest shall be described.

Notes

10 Va. Admin. Code § 5-22-100
Derived from VR225-01-0205 § 10, eff. April 20, 1995.

Statutory Authority

§ 6.2-1034 of the Code of Virginia.

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