Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XIII - Regulations
Chapter 75 - Regulation 27-Insider Trading of Equity Securities of a Domestic Stock Insurance Company
Subchapter B - Regulations under Section 1525 of the Act
Section XIII-7517 - Exemption from the Act of Securities Purchased or Sold by Odd-Lot Dealers
Universal Citation: LA Admin Code XIII-7517
Current through Register Vol. 50, No. 9, September 20, 2024
A. Securities purchased or sold by an odd-lot dealer:
1. in
odd lots so far as 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, shall be exempt from the
provisions of the Act with respect to participation by such odd-lot dealer in
such transactions.
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:2.
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