Code of Federal Regulations (Last Updated: April 5, 2024) |
Title 17 - Commodity and Securities Exchanges |
Chapter II - Securities and Exchange Commission |
Part 300 - Rules of the Securities Investor Protection Corporation |
Accounts of “Separate” Customers of SIPC Members |
§ 300.103 - Accounts held by a corporation, partnership or unincorporated association.
Latest version.
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§ 300.103 Accounts held by a corporation, partnership or unincorporated association.
A corporation, partnership or unincorporated association holding an account with a member shall be deemed to be a separate customer distinct from the person or persons owning such corporation or comprising such partnership or unincorporated association if on the filing date it existed for a purpose other than primarily to obtain or increase protection under the Act.