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Other Fraud by Conduct
Other frauds by conduct include, but are not limited to:
- Unauthorized transactions in the customer’s accounts;
- Borrowing money from a customer;
- Loaning money to a customer;
- Sharing profits in customer
accounts;
- Nominee accounts (salespersons using customer
names or aliases to open accounts);
- Receiving or intercepting
customer correspondence;
- Joint ownership in customer accounts;
- Using customer accounts
to effect manipulative acts and practices such as controlling
the float (stock available for
trading) of a stock;
- Cross trading; and
- Undisclosed principal trading.
Next topic: Fraudulent
Acts and Practices
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