Effective Dec 2, 19977-1-301(3); 7-3-3.2Financial Institutions
"Discount brokerage" means the practice of executing securities transactions solely at the direction of a bank customer but not providing that customer with any investment advice.
KEY: banks and banking, securities
Date of Last Change: December 2, 1997
Notice of Continuation: September 8, 2022
Authorizing, and Implemented or Interpreted Law: 7-1-301(3); 7-3-3.2