Source: http://nyc-skyline.blogspot.com/2012/02/reg-t-broker-dealer-credit-us-bank-laws.html
Timestamp: 2018-10-17 19:01:50
Document Index: 613817355

Matched Legal Cases: ['art 220', '§ 220', 'art 220', '§ 220', 'art 220', '§220', '§ 270', '§ 1750']

DCarsonCPA.com: Reg T - Credit by Broker-Dealers / US Bank Laws Title 12 Part 220 § 220.3 General Provisions
Reg T - Credit by Broker-Dealers / US Bank Laws Title 12 Part 220 § 220.3 General Provisions
Title 12 Banks and Banking - Part 220 Credit by Brokers and Dealers (Regulation T):
(b) Separation of accounts— (1) In general. The requirements of one account may not be met by considering items in any other account. If withdrawals of cash or securities are permitted under this part, written entries shall be made when cash or securities are used for purposes of meeting requirements in another account.
(4) To temporarily finance a customer's receipt of securities pursuant to an employee benefit plan registered on SEC Form S–8 or the withholding taxes for an employee stock award plan, a creditor may accept, in lieu of the securities, a properly executed exercise notice, where applicable, and instructions to the issuer to deliver the stock to the creditor. Prior to acceptance, the creditor must verify that the issuer will deliver the securities promptly and the customer must designate the account into which the securities are to be deposited.
As of Read Date 2/6/12 ALL US Bank Laws subject to change and update and you must confirm as filing or relying.
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Posted by D Carson CPA at 12:37 PM
Labels: §220.3 General Provisions, Banks and Banking, Credit by Broker-Dealers, Reg T, Title 12
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