3 AAC 08.053. Disclosures to clients

(a) A state investment adviser registered or required to be registered under AS 45.55 shall furnish clients and prospective clients a written disclosure statement that complies with 17 C.F.R. 275.204-3.

(b) Upon or before completing each purchase or sale of a security or completing a debit or credit for securities, cash, and other items for account of others, an agent of an issuer registered or required to be registered under AS 45.55 shall notify a customer in writing of the

(1) identity and price of the security;

(2) account for which the transaction was entered;

(3) date of execution;

(4) name of the person handling the transaction; and

(5) fact that the transaction was unsolicited, if it was.

History: Eff. 4/19/2000, Register 154

Authority: AS 45.55.030

AS 45.55.040

AS 45.55.050

AS 45.55.950

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