General Rules and Regulations
Securities Exchange Act of 1934
Rule 15g-2 -- Risk Disclosure Document Relating to the Penny Stock Market
It shall be unlawful for a broker or dealer to effect
a transaction in any penny stock for or with the account of a customer unless, prior
to effecting such transaction, the broker or dealer has furnished to the customer
a document containing the information set forth in Schedule
15G, Rule 15g-100, and has obtained from the customer a manually signed and dated
written acknowledgement of receipt of the document.
The broker or dealer shall preserve, as part of its
records, a copy of the written acknowledgment required by paragraph
(a) of this section for the period specified in Rule
17a-4(b) of this chapter.
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