New Jersey Administrative Code
Title 13 - LAW AND PUBLIC SAFETY
Chapter 47A - BUREAU OF SECURITIES
Subchapter 6 - DISHONEST OR UNETHICAL BUSINESS PRACTICES
Section 13:47A-6.2 - Definitions

Universal Citation: NJ Admin Code 13:47A-6.2

Current through Register Vol. 56, No. 18, September 16, 2024

(a) For purposes of this subchapter, the following words and terms shall have the following meanings, unless the context clearly indicates otherwise:

"Adviser" includes investment adviser as defined in 49:3-49(g) and investment adviser representative as defined in 49:3-49(s).

"Market maker" means a broker-dealer who, with respect to a particular security:

1. Regularly publishes bona fide, competitive bid and ask quotations in a recognized inter-dealer quotation system; or regularly furnishes bona fide competitive bid and offer quotations to other broker-dealers upon request; and

2. Is ready, willing and able to effect transactions in reasonable quantities at his quoted price with other broker-dealers on a regular basis.

"NASAA" means the North American Securities Administrators Association, Inc.

"NASDAQ" means the National Association of Securities Dealers Automated Quotation System.

"OTC" means over-the-counter.

"Person" means person as defined in 49:3-49(i).

"SEC" means the United States Securities and Exchange Commission.

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