§ 18452 Insolvent Company Certificate Sales

• •If you work at a loan company and know it's out of money, you can't sell investment certificates.
• •Doing this anyway is breaking the law and can get you in trouble.
• •This rule applies to the company, its parent company, and any related companies.

A bank worker knows their bank is broke but still sells savings plans to customers.

The worker is breaking the law because they sold something knowing the bank couldn't pay people back.