';


Title 17 Part 240 → §240.15c1-5

Title 17 → Chapter II → Part 240 → §240.15c1-5

Electronic Code of Federal Regulations e-CFR

Title 17 Part 240 → §240.15c1-5

e-CFR data is current as of December 5, 2019

Title 17Chapter IIPart 240 → §240.15c1-5


Title 17: Commodity and Securities Exchanges
PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934


§240.15c1-5   Disclosure of control.

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 act of any broker, dealer or municipal securities dealer controlled by, controlling, or under common control with, the issuer of any security, designed to effect with or for the account of a customer any transaction in, or to induce the purchase or sale by such customer of, such security unless such broker, dealer or municipal securities dealer, before entering into any contract with or for such customer for the purchase or sale of such security, discloses to such customer the existence of such control, and unless such disclosure, if not made in writing, is supplemented by the giving or sending of written disclosure at or before the completion of the transaction.

[41 FR 22825, June 7, 1976]


© e-CFR 2019

FR | USC | CFR | eCFR