General Rules and Regulations
promulgated
under the
Securities Exchange Act of 1934
Rule 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.
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