{"data":{"id":"us-ky/krs-434.320","jurisdiction":"us-ky","citation":"KRS 434.320","heading":"Insolvent broker to accept no money or securities for margin from","body":"customer ignorant of broker's insolvency.\n(1) Any broker who, knowing that he is insolvent, accepts or receives or consents to\nreceiving from a customer ignorant of the broker's insolve ncy, deposits of money,\nstocks, bonds, securities, or other things of value belonging to the customer, to be\nused as margin for the purchase of stocks, bonds, grain, produce or cotton,\notherwise than in payment of or security for an existing indebtedness, and who\nthereby causes the customer to lose, in whole or in part, such money, stocks, bonds,\nsecurities, or other things of value, shall be guilty of a Class D felony.\n(2) \"Broker,\" as used in KRS 434.320, 434.330, and 434.340, means any person\nengaged in the business of buying or selling stocks, bonds, grain, produce, or cotton,\nas agent or representative of other persons upon margins, and who charges\ncommissions for his services.","path":["KRS Chapter 434"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=18867","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:49Z","sha256":"6ca0a8d94d11a415d9c376b795ba57baedb067e8f1e300efda1e7ba510de8086","source_id":"us-ky","stale":false,"prev":"us-ky/krs-434.310","next":"us-ky/krs-434.330"},"notice":"GroundRules: Original legal text. Not legal advice."}