Ask Reggi Your Question Now

Reggi is the free generative AI assistance for regulatory compliance
Ask a Question

Can you summarize MSAC Title 13, Part 2, Chapter 7, Rule 7.1?

HOLDING COMPANIES. > Escrow Of Securities.

Short Summary

If the Executive Director files a complaint for disciplinary action against any holding company, affiliated licensee, or officer, director or shareholder of any holding company or affiliated licensee, or calls any such person forward for a finding of suitability, the Commission may order that securities issued by a holding company or affiliated licensee be placed in escrow on specified terms and conditions during the pendency of the disciplinary or licensing proceeding. (Adopted: 09/25/1991.) Source: Miss. Code Ann. 75-76-237

Jurisdiction

Mississippi

Source
MSAC Title 13, Part 2, Chapter 7, Rule 7.1 [https://reggi.cloud.regology.com/regulations/US-MSAC/US-MSAC_T_13_ST_111_P_2_C_7_S_7.1]