133Restrictions on use of titles stockbroker, sharebroker and stock exchange

##### 133 Restrictions on use of titles stockbroker, sharebroker and stock exchange (1) A person who is not: (a) a member of a stock exchange; or (b) a person who is a member of, or is a partner in a partnership that is recognized as a member firm by, a stock exchange within the meaning of the corresponding law of a participating State or of a participating Territory; shall not take or use, or by inference adopt, the name or title of stockbroker or sharebroker or take or use or have attached to or exhibited at any place a name, title or description implying or tending to create the belief that he is a stockbroker or a sharebroker. (2) A body corporate that is not: (a) a stock exchange; or (b) a stock exchange within the meaning of the corresponding law of a participating State or of a participating Territory; shall not take or use, or by inference adopt, the name or title of stock exchange or take or use or have attached to or exhibited at any place a name, title or description implying or tending to create the belief that the body corporate is: (c) a stock exchange; or (d) a stock exchange within the meaning of the corresponding law of a participating State or of a participating Territory. Penalty: $2,500 or imprisonment for 6 months, or both.