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6 Cards in this Set
- Front
- Back
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The '34 Act
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Designed to protect the public in SECONDARY MARKET transactions
*Does not regulate commodities |
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Painting the tape provision
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-Prohibits manipulative practices such as wash sales and matched orders(painting the tape)
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Insider provision
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-Insiders may not sell short or agianst the box shares of their company
-Must report holding and change in holdings to SEC -Prohibited from doing short swings -May not distributte UNreleased press report |
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Insider
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AKA affiliated persons or control persons
-An officer, director or principal stockholder that has 10% or more of the o.s shares |
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Regulation SHO rules
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-Firms executing short sales in equity must be sure they can borrow the stock BEFORE entering order
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T or F
b/ds must inform customers of any cash held at the fimr at least quarterly |
T
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