27(1) A dealer shall not give unsecured credit to an employee of that dealer or that employee's spouse, father, mother, son, daughter, adopted son, adopted daughter, step-son, step-daughter, sister or brother, if:
|
(a) |
the unsecured credit is given for the purpose of enabling or assisting the person to whom the unsecured credit is given to purchase or subscribe for any securities; or |
|
(b) |
the dealer giving the unsecured credit knows or has reason to believe that the unsecured credit will be used for the purpose of purchasing or subscribing for securities. |
|
