§ 750.312Commission merchants, statements on demand

en · 1,098 chars · active
Sec. 312.
    Commission merchants, etc., to furnish written statement, etc., on demand—It shall be the
 duty of every commission merchant, firm, copartnership, association, corporation or broker
 doing business as such, to furnish upon demand, to any customer or principal for whom such
 commission merchant, broker, firm, copartnership, corporation or association has executed
 any order for the actual purchase or sale of any of the commodities mentioned in the next
 preceding section of this chapter either for immediate or future delivery, a written statement
 containing the names of the parties from whom any such property was bought or to whom it
 shall have been sold, as the case may be, the time when, the place where and the price at
 which the same was either bought or sold; and in case such commission merchant, broker,
 firm, copartnership, corporation or association shall refuse promptly to furnish such statement
 upon reasonable demand, the fact of such refusal shall be prima facie evidence that such
 property was not sold or bought in legitimate manner upon the open market.

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