S.D. Admin. R. 20:06:04:10

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:06:04:10 - Exemption of securities purchased or sold by odd lot dealers

Securities purchased or sold by an odd lot dealer in odd lots so far as reasonably necessary to carry on odd lot transactions or in round lots to offset odd lot transactions previously or simultaneously executed or reasonably anticipated in the usual course of business, shall be exempt with respect to participation by such odd lot dealer in such transactions.

S.D. Admin. R. 20:06:04:10

4 SDR 6, effective 8/9/1977; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 58-5-77.

Law Implemented: SDCL 58-5-73.