§ 30601 Securities Depository Violations

• •If a place that holds stocks or bonds breaks its own rules or the law, the boss in charge can step in.
• •The boss will write a letter telling them to stop breaking the rules.
• •This only happens if the boss has proof they did something wrong.

A bank that holds stocks for people starts using their stocks to make risky bets without telling them.

The boss in charge finds out and sends a letter telling the bank to stop doing that right away.