Section 15 Of The Securities Exchange Act Of 1934

2 a 1 c i 6d a 2 and the rules and regulations thereunder and pursuant to an exemption granted by the commission under section 78mm of this title or pursuant to a rule or regulation cash and securities may be held by a broker or.

Section 15 of the securities exchange act of 1934. Sec form 15 15d is a certification of termination of registration of a class of security under section 12 g or a notice of suspension of duty to file reports pursuant to section 13 and 15 d of. Section 20 codified in 15 u s c. Second the commission is adopting an exemption from registration under section 15 a of the securities exchange act of 1934 exchange act.

Any person engaged in the business of effecting transactions in securities for the account of others. 78t provides for joint and several liability for people who control or abet violators of the exchange act thus increasing the chance that an investor will be able to collect any damages that are awarded. 78j b and rule 10b 5 thereunder.

Section 15d securities analysts and research reports. Notwithstanding any provision of sections 2 a 1 c i or 4d a 2 of the commodity exchange act 7 u s c. Section 15e registration of nationally recognized statistical rating organizations.

Thus if an employee violates a provision of the exchange act the employer could be held liable. Section 3 4 of the act defines broker broadly as. Under section 15 of the securities exchange act of 1934 most brokers and dealers must register with the sec and join a self regulatory organization or sro.

Members of congress and employees of congress are not exempt from the insider trading prohibitions arising under the securities laws including section 10 b of the securities exchange act of 1934 15 u s c.