12 CFR 308.136
§ 308.136 Notice to and consultation with the Securities and Exchange Commission.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 308.136, § 308.136 Notice to and consultation with the Securities and Exchange Commission, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46126
- Permanent ID
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Full text
Before initiating any proceedings under § 308.135, the FDIC shall:
(a) Notify the Securities and Exchange Commission of the identity of the municipal securities dealer or associated person against whom proceedings are to be initiated, and the nature of and basis for the proposed action; and
(b) Consult with the Commission concerning the effect of the proposed action on the protection of investors and the possibility of coordinating the action with any proceeding by the Commission against the municipal securities dealer or associated person.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.