A bank is exempt from the definition of the term "broker" under section 3(a)(4) of the Act (15 U.S.C. 78c(a)(4) ) until the first day of its first fiscal year commencing after September 30, 2008.
12 C.F.R. §218.781
A bank is exempt from the definition of the term "broker" under section 3(a)(4) of the Act (15 U.S.C. 78c(a)(4) ) until the first day of its first fiscal year commencing after September 30, 2008.
12 C.F.R. §218.781