Or. Admin. Code § 441-205-0050

Current through Register Vol. 64, No. 1, January 1, 2025

Section 441-205-0050 - Disclosure of Interest in Distributions

The term "Manipulative, Deceptive or Other Fraudulent Device or Contrivance," as used in these rules, is hereby defined to include any act of any broker-dealer who is acting for a customer or for both such customer and some other person, or of any broker-dealer who receives or has promise of receiving a fee from a customer for advising such customer with respect to securities, designed to effect with or for the account of such customer any transaction in, or to induce the purchase or sale by such customer of, any security in the primary or secondary distribution of which such broker-dealer is participating or is otherwise financially interested unless such broker-dealer at or before the completion of each such transaction, gives or sends to such customer written notification of the existence of such participation or interest.

CC 12, f. 7-12-73, ef. 9-1-73, Renumbered from 815-030-0205.2-4 and 815-030-0135

Stat. Auth.: ORS 59

Stats. Implemented: ORS 59.205(2)