General Rules and Regulations
promulgated
under the
Securities Exchange Act of 1934
Rule 15c1-9 -- Use of Pro Forma Balance Sheets
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 the use of financial statements
purporting to give effect to the receipt and application of any part of the proceeds
from the sale or exchange of securities, unless the assumptions upon which each such
financial statement is based are clearly set forth as part of the caption to each
such statement in type at least as large as that used generally in the body of the
statement.
Notice to Users: The Deskbook is made available
with the understanding that the University of Cincinnati College
of Law is not engaged in rendering legal, accounting or other professional
services. If legal advice or other expert assistance is required,
the services of a competent professional person should be sought. See Terms and Conditions of Use.
