California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2 - Corporate Securities
Article 9 - Regulation of Broker-Dealers and Agents
Section 260.218.3 - Free-Riding and Withholding

Universal Citation: 10 CA Code of Regs 260.218.3
Current through Register 2024 Notice Reg. No. 38, September 20, 2024

No broker-dealer who is participating in a distribution of securities, whether acquired as an underwriter, a selling group member, or from a member participating in the distribution as an underwriter or selling group member, shall fail to make a bona fide public offering of all of the securities allotted to such person for distribution.

1. Amendment filed 11-29-79 as an emergency; designated effective 1-1-80. Certificate of Compliance included (Register 79, No. 48).
2. Editorial correction filed 11-9-82 (Register 82, No. 46).

Note: Authority cited: Sections 25218 and 25610, Corporations Code. Reference: Section 25218, Corporations Code.

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