17 CFR 240.15c1-3
§ 240.15c1-3 Misrepresentation by brokers, dealers and municipal securities dealers as to registration.
United States · 17 CFR — Commodity and Securities Exchanges · Status: effective
Cite this
- Citation
- 17 CFR 240.15c1-3, § 240.15c1-3 Misrepresentation by brokers, dealers and municipal securities dealers as to registration, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/69199
- Permanent ID
ys:prov:69199@1- SHA-256
6ab617d864e20f9e85ba5a6246090a6ae9228e3c7c16cae2d1517e4d73b5da40
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Full text
The term manipulative, deceptive, or other fraudulent device or contrivance, as used in section 15(c)(1) of the Act, is hereby defined to include any representation by a broker, dealer or municipal securities dealer that the registration of a broker or dealer, pursuant to section 15(b) of the Act, or the registration of a municipal securities dealer pursuant to section 15B(a) of the Act, or the failure of the Commission to deny or revoke such registration, indicates in any way that the Commission has passed upon or approved the financial standing, business, or conduct of such registered broker, dealer or municipal securities dealer or the merits of any security or any transaction or transactions therein.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.