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Title 17 Part 240 → §240.16a-5

Title 17 → Chapter II → Part 240 → §240.16a-5

Electronic Code of Federal Regulations e-CFR

Title 17 Part 240 → §240.16a-5

e-CFR data is current as of August 22, 2019

Title 17Chapter IIPart 240 → §240.16a-5


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


§240.16a-5   Odd-lot dealers.

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.