§ 240.16a-5. Odd-lot dealers.
61 words·~1 min read·
/us/cfr/t17/s§ 240.16a-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.