Utah Administrative Code (Current through November 1, 2019) |
R339. Financial Institutions, Industrial Loan Corporations |
R339-11. Discount Securities Brokerage Service by Industrial Loan Corporations |
R339-11-1. Authority, Scope, and Purpose
Latest version.
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(1) This rule is issued pursuant to Subsection 7-1-301(3).
(2) This rule governs the type of securities brokerage service industrial loan corporations may offer.
(3) The purpose of this rule is to allow securities activities limited to "discount brokerage" services by industrial loan corporations, similar to the discount brokerage services allowed state chartered banks.