§ 20:06:04:43

ARSD 20:06:04:43

Exemption of certain securities from insider trading.

Effective Jul 1, 198612 SDR 155Source: 4 SDR 6, effective August 9, 1977; 12 SDR 151, 12 SDR 155, effective July 1, 1986. | General Authority: SDCL 58-5-77. | Law Implemented: SDCL 58-5-70.

A security is exempt from the operation of SDCL 58-5-70 to the extent necessary to render lawful under that section the execution by a broker of an order for an account in which the broker has no direct or indirect interest.

Source: 4 SDR 6, effective August 9, 1977; 12 SDR 151, 12 SDR 155, effective July 1, 1986.

General Authority: SDCL 58-5-77.

Law Implemented: SDCL 58-5-70.