block trade
Defined in 2 places across 2 titles of the United States Code.
For purposes of this paragraph, the term “block trade” means any trade of at least 10,000 shares or with a market value of at least $200,000 which will be allocated across two or more unrelated client accounts of a fiduciary.
Source
- 2006–present29 U.S.C. § 1108Labor · Exemptions from prohibited transactions · under this section
The term “block trade” means any trade of at least 10,000 shares or with a market value of at least $200,000 which will be allocated across two or more unrelated client accounts of a fiduciary.
Source
- 2006–present26 U.S.C. § 4975Internal Revenue Code · Tax on prohibited transactions · for purposes of this section