Rule 156

Rule 156

An SEC rule prohibiting investment companies from giving investors or potential investors false or misleading information in their literature. For example, Rule 156 prohibits a mutual fund from making false statements in any of its prospectuses.

Rule 156

An SEC rule that regulates investment company sales literature. Essentially, investment companies are prohibited from distributing sales literature that contains false or misleading statements.
References in periodicals archive ?
KAPIL SIBAL: Rule 156 of the constitution says Governor shall hold office during the pleasure of the President.
Eddie Ahern again found himself in trouble with the stewards, this time picking up a ten-day ban (September 16-25) after being deemed guilty of a breach of rule 156, in failing to ride out for third on Crystal Moments in the opener.
Having been found guilty under Rule 156, Fanning will be out of action between April 23 and May 10 inclusive.
Having been found guilty under Rule 156, Fanning was suspended for the statutory 18-day period and will be out of action between April 23 and May 10 inclusive.
The stewards found Cosgrave in breach of Rule 156 in that he 'had made a positive manoeuvre too late as a result of a serious misjudgement.
He was originally banned under rule Rule 156 which covers negligence, but that has been reduced to ten days under Rule 158 - failure to take all reasonable and permissible measures throughout the race.
The jockey was handed a 28-day ban after he was found to be in breach of Rule 156 in that he failed to ride out near the finish.
uk Maiden Stakes The Irishman was banned for 28 days after he was found to be in breach of Rule 156 in that he "failed to ride out near the finish.
The stewards found Walsh guilty of Rule 156 (iv) in that he asked his mount for an effort too late in the race.
As Dennis had been headed on the run to the fence anyway he was not in breach of rule 156 either, as he did ride out for the best possible place.
We have now made formal admission of a breach and it is called non- wilful breach of rule 156, whichI think is not riding a horse out to the finish line,'' saidMr Stewart-Moore.
Stewards' secretary Anthony Gillam said: ``John held up his hands and admitted he was in breach of Rule 156 in that he failed to ride out for second place.