N.M. Admin. Code § 12.11.6.7

Current through Register Vol. 35, No. 23, December 10, 2024

Section 12.11.6.7 - DEFINITIONS

For purposes of 12.11.6 NMAC:

A."discretionary power" shall not include discretion as to the price at which or the time when a transaction is or is to be effected if, before the order is given by the investment adviser, the client has directed or approved the purchase or sale of a definite amount of the particular security; and

B."investment supervisory services" means the giving of continuous advice as to the investment of funds on the basis of the individual needs of each client.

N.M. Admin. Code § 12.11.6.7

12.11.6.7 NMAC - N, 1-1-2010