Investment classification change: member investments not treated as business unless they involve client funds or create broker liabilities. Amendment adds a proviso to rule 8 that member investments shall not be construed as business, except when such investments involve client funds or client securities, or relate to arrangements creating a financial liability on the broker.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investment classification change: member investments not treated as business unless they involve client funds or create broker liabilities.
Amendment adds a proviso to rule 8 that member investments shall not be construed as business, except when such investments involve client funds or client securities, or relate to arrangements creating a financial liability on the broker.
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