According to Standard IV (B.4), Priority of Transactions, a member is a "beneficial owner" if the member has each of the
Posted: Sun Aug 07, 2022 5:57 pm
According to Standard IV (B.4), Priority of Transactions, a member is a "beneficial owner" if the member has each of the following, EXCEPT:
A. the power to vote or direct the voting of the shares of the securities or investments.
B. the power to dispose or direct the disposition of the security or investment.
C. the authority to supervise reasonably and adequately the actions of those accountable to him.
D. a direct or indirect pecuniary interest in the securities.
A. the power to vote or direct the voting of the shares of the securities or investments.
B. the power to dispose or direct the disposition of the security or investment.
C. the authority to supervise reasonably and adequately the actions of those accountable to him.
D. a direct or indirect pecuniary interest in the securities.