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Virginia Administrative Code
Title 14. Insurance
Agency 5. State Corporation Commission, Bureau of Insurance
Chapter 250. Rules, Regulations and Forms Relating to Restrictions on the Purchase and Sale of Equity Securities of Domestic Stock Insurance Companies
11/21/2024

14VAC5-250-70. Exemption from the act of securities purchased or sold by odd-lot dealers.

Securities purchased or sold by an odd-lot dealer (i) in odd lots so far as reasonably necessary to carry on odd-lot transactions or (ii) 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 (Section 38.2-214 of the Code of Virginia) with respect to participation by such odd-lot dealer in such transactions.

Statutory Authority

§ 38.2-214 of the Code of Virginia.

Historical Notes

Derived from Regulation 5, Case No. 18773, Rule 7, eff. April 1, 1970.

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