# Revision of Rule Concerning Members' and Employees' Securities Transactions
> **US Securities and Exchange Commission** · Final rule. · Published 1995-10-10 · 60 FR 52625
## Document
- **Document number:** 95-24795
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 60 FR 52625
- **CFR reference:** 17 CFR 200
- **Publication date:** 1995-10-10
- **Docket:** Release No. 34-36301
## Abstract

The Securities and Exchange Commission is amending its rule that prohibits Commissioners and members of the Senior Executive Service in the Division of Investment Management from purchasing securities issued by registered investment companies. The prohibition was deemed to be too restrictive and not necessary to prevent conflicts of interest or the appearance of impropriety. Commissioners and members of the Senior Executive Service in the Division of Investment Management and the Office of Compliance Inspections and Examinations will now be permitted to purchase securities issued by registered investment companies, provided that the securities are diversified within the meaning of the Investment Company Act of 1940.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1995/10/10/95-24795/revision-of-rule-concerning-members-and-employees-securities-transactions)
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