Sec.36b-31-15d. Dishonest or unethical business practices by investment adviser agents

(a) In implementing section 36b-15 (a) (2) (H) of the general statutes, the following shall be deemed "dishonest or unethical practices in the securities . . . business" by investment adviser agents without limiting those terms to the following practices:

(1) Where an investment adviser agent is dually registered as an investment adviser agent and an agent of an issuer or as an investment adviser agent and an agent of a broker-dealer, failing to disclose to the customer or client in writing the dual capacity in which the investment adviser agent is acting;

(2) Failing to disclose to a client in writing before any advice is rendered any conflict of interest relating to the investment adviser agent which could reasonably be expected to impair the rendering of unbiased advice; and

(3) Engaging in any of the practices specified in subdivisions (1) to (9), inclusive, (11) to (13), inclusive, and (19) of section 36b-31-15c of the regulations.

(Effective August 22, 1994; TransferredJuly 3, 1995)