StacksVerified U.S. regulatory reference

17 CFR §240.11a1-2

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
A transaction effected by a member of a national securities exchange for the account of an associated person thereof shall be deemed to be of a kind which is consistent with the purposes of section 11(a)(1) of the Act, the protection of investors, and the maintenance of fair and orderly markets if the transaction is effected:
  1. (a)For the account of and for the benefit of an associated person, if, assuming such transaction were for the account of a member, or
  2. (b)For the account of an associated person but for the benefit of an account carried by such associated person, if, assuming such account were carried on the same basis by a member.