---
kind: "section"
citation: "12 C.F.R. § 703.15"
title: "12"
number: "703.15"
heading: "Prohibited investment activities."
url: "https://uscodex.org/cfr/12/703.15"
---

# §703.15. Prohibited investment activities.


Adjusted trading or short sales. A Federal credit union may not engage in adjusted trading or short sales.


## Notes

### Authority

Authority: 12 U.S.C. 1757(7), 1757(8), 1757(14) and 1757(15).

### Source

Source: 68 FR 32960, June 3, 2003, unless otherwise noted.