Securities Lawyer's Deskbook
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General Rules and Regulations
promulgated
under the
Securities Exchange Act of 1934





Rule 15g-2 -- Risk Disclosure Document Relating to the Penny Stock Market


  1. 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.

  2. 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.


Regulatory History


57 FR 18033, Apr. 28, 1992; 58 FR 37417, July 12, 1993



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