 |
Code of Federal Regulations (Last Updated: November 8, 2024) |
 |
Title 12 - Banks and Banking |
|
Chapter III - Federal Deposit Insurance Corporation |
|
SubChapter A - Procedure and Rules of Practice |
|
Part 308 - Rules of Practice and Procedure |
|
Subpart I - Rules and Procedures for Imposition of Sanctions Upon Municipal Securities Dealers or Persons Associated With Them and Clearing Agencies or Transfer Agents |
§ 308.136 - Notice to and consultation with the Securities and Exchange Commission.
Latest version.
-
§ 308.136 Notice to and consultation with the Securities and Exchange Commission.
Before initiating any proceedings under § 308.135, the FDIC shall:
(a) Notify the Securities and Exchange Commission of the identity of the municipal securities dealer or associated person against whom proceedings are to be initiated, and the nature of and basis for the proposed action; and
(b) Consult with the Commission concerning the effect of the proposed action on the protection of investors and the possibility of coordinating the action with any proceeding by the Commission against the municipal securities dealer or associated person.