SECTIONS 29200-29201 - California Statutes

CORPORATIONS CODE

SECTION 29200-29201

29200. Every person doing business as a broker or making contracts
as a broker or agent for the purchase or sale of any securities or
commodities on any board of trade or exchange shall keep or cause to
be kept at his office or place of business correct and permanent
records or books of account showing each of such transactions as a
separate item. The failure so to keep or cause to be kept such
records or books of account is prima facie evidence that any such
contract was bucketing or bucketshopping.
Such records or books of account shall at all times be open to
inspection by the Commissioner of Corporations or by any deputy,
investigator, or auditor of the Department of Corporations to whom he
may delegate such authority in writing.

29201. Every person shall, upon written demand therefor, furnish to
any customer or principal for whom he has executed any order for the
actual purchase or sale of any securities or commodities on any
board of trade or exchange, either for immediate or future delivery,
a written statement showing the name of the person from whom the
property was bought or to whom it was sold, as the case may be, and
the time when, place where, and the price at which it was either
bought or sold. If any such person refuses or neglects to furnish
such a statement within forty-eight hours after such demand, the
refusal or neglect is prima facie evidence that the transaction was
bucketing or bucket shopping within the terms of this division.