Statutes, codes, and regulations
Tennessee Administrative Code
Title 0780 - Commerce and InsuranceSubtitle 0780-01 - Insurance Division
Chapter 0780-01-14 - Rules and Regulations Concerning the Insider Trading of Equity Securities of a Domestic Stock Insurance Company
Section 0780-01-14-.07 - EXEMPTION FROM THE ACT OF SECURITIES PURCHASED OR SOLD BY ODD-LOT DEALERS

Tenn. Comp. R. & Regs. 0780-01-14-.07

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Current through December 10, 2024
Section 0780-01-14-.07 - EXEMPTION FROM THE ACT OF SECURITIES PURCHASED OR SOLD BY ODD-LOT DEALERS

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

Tenn. Comp. R. & Regs. 0780-01-14-.07

Original rule certified June 10, 1974.

Authority: T.C.A. § 56-3-708 to implement T.C.A. § 56-3-702.