§ 6-17-5. Disclosure of terms and parties to transactions — Failure to disclose as evidence.
Every person shall furnish, upon demand, to any customer or principal for whom the person has executed any order for the actual purchase or sale of any securities or commodities, either for immediate or future delivery, a written statement containing the names of the persons from whom the property was bought, or to whom it has been sold, as the fact may be, the time when, place where, and the price at which the property was either bought or sold. If the person shall refuse or neglect to furnish the statement within twenty-four (24) hours after the demand, the refusal or neglect shall be evidence that the purchase or sale was bucketing or bucket shopping within the terms of this chapter.
History of Section.P.L. 1908, ch. 1565, § 4; G.L. 1909, ch. 353, § 4; G.L. 1923, ch. 406, § 4; G.L. 1938, ch. 614, § 4; G.L. 1956, § 6-17-5.
Structure Rhode Island General Laws
Title 6 - Commercial Law – General Regulatory Provisions
Section 6-17-1. - Definitions.
Section 6-17-2. - Penalties for violations.
Section 6-17-3. - Ouster of corporation from doing business.
Section 6-17-4. - Furnishing quotations to aid prohibited contract.
Section 6-17-5. - Disclosure of terms and parties to transactions — Failure to disclose as evidence.