North Carolina · North Carolina General Statutes — Crimes & Controlled Substances
N.C.G.S. (Criminal Law) § 14-401.7: Persons, firms, banks and corporations dealing in securities on commission taxed as a private banker
What this law says, in plain English
Operating as a stockbroker or private banker without proper license is prohibited. Violation is a Class 3 misdemeanor with fines between $100–$500 per offense.
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