17 CFR 240.16a-5
§ 240.16a-5 Odd-lot dealers.
United States · 17 CFR — Commodity and Securities Exchanges · Status: effective
Cite this
- Citation
- 17 CFR 240.16a-5, § 240.16a-5 Odd-lot dealers, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/69315
- Permanent ID
ys:prov:69315@1- SHA-256
16fdfe7594ed3019db18099432c498c184a4c23c5c7148864a20baed44679b1d
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Full text
Transactions by an odd-lot dealer (a) in odd-lots 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 section 16(a) of the Act with respect to participation by such odd-lot dealer in such transaction.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.