Two factors come into play: First, good quality applicators do a better job of applying paint, and more uniformly, than poor applicators. As a result, they achieve better hide, or coverage. Second, painting technique is a factor that could contribute to overspreading the product.
Liquidation and Free Riding. A liquidation violation occurs when the client sells a security to satisfy a cash obligation for the purchase of a different security after trade date. This is a violation because the sale of the second security will not be settled by the time the first purchase settles.
.310 Spreading false rumors regarding solvency of financial institutions. .320 Insolvent broker to accept no money or securities for margin from customer ignorant of broker's insolvency. .330 Broker not to pledge or dispose of customer's securities without customer's consent. .340 Liability of officer, manager, agent, or employee of broker. .350 Repealed, effective January 1, 1975.