1. The Laws of New York
  2. Consolidated Laws
  3. General Business
  4. Article 21-A: Fraudulent Transactions In Securities


Section 339-F Delivery to customers of memoranda of transactions by brokers

General Business (GBS)

Delivery to customers of memoranda of transactions by brokers. A person engaged in the business of purchasing or selling as broker stocks, bonds and other evidences of debt of corporations, companies or associations shall deliver to each customer on whose behalf a purchase or sale of such securities is made by him a statement or memorandum of such purchase or sale, a description of the securities purchased or sold, the name of the person, firm or corporation from whom such securities were purchased, or to which the same were sold, and the day, and the hours between which the transaction took place. A broker who refuses to deliver such statement or memorandum to a customer within twenty-four hours after a written demand therefor, or who delivers a statement or memorandum which is false in any material respect, is guilty of a misdemeanor.