---
kind: "section"
citation: "17 C.F.R. § 300.304"
title: "17"
number: "300.304"
heading: "Retained rights of brokers or dealers."
url: "https://uscodex.org/cfr/17/300.304"
---

# §300.304. Retained rights of brokers or dealers.

- (a) Nothing stated in these rules shall be construed to prejudice the right of a broker or dealer to any claim against the debtor's estate, or the right of the trustee to make any claim against a broker or dealer, with respect to a commitment of the debtor which was outstanding on the filing date, but (1) which is not described in § [300.300(c)](/cfr/17/300.300.md?p=c), or [(2)](/cfr/17/300.300.md?p=2) which, although described in [§ 300.300(c)](/cfr/17/300.300.md?p=c), does not meet the requirements specified in [§ 300.301](/cfr/17/300.301.md) or was not closed out of completed in accordance with [§ 300.302](/cfr/17/300.302.md) or was not reported to the trustee in conformity with [§ 300.303](/cfr/17/300.303.md) or was not supported by appropriate documentation.
- (b) Nothing stated in these rules shall be construed to prejudice the right of a broker or dealer to a claim against the debtor's estate for the amount by which the money difference due the broker or dealer upon a buy-in or sell-out may exceed the amount paid by the trustee to such broker or dealer.

## Notes

### Authority

Authority: Sec. 3, 6(d), Pub. L. 91-598, 84 Stat. 1636 (15 U.S.C. 78ccc, 78fff(d)), as amended by secs. 3, 5, 9, Pub. L. 95-283, 92 Stat. 249.

### Source

Source: Sections 300.300 through 300.307 appear at 44 FR 21211, Apr. 9, 1979, unless otherwise noted.

### Authority

Authority: 15 U.S.C. 78ccc.

### Source

Source: 44 FR 5077, Jan. 25, 1979, unless otherwise noted.