# 12 C.F.R. § 390.419 (2026): Unsafe or unsound practices

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_419

## Section

- **Citation:** 12 C.F.R. § 390.419 (2026)
- **Heading:** Unsafe or unsound practices
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter III: FEDERAL DEPOSIT INSURANCE CORPORATION / Part 390: REGULATIONS TRANSFERRED FROM THE OFFICE OF THRIFT SUPERVISION / Subpart W: Securities Offerings / § 390.419: § 390.419   Unsafe or unsound practices.

## Text

(a) No person shall directly or indirectly,
(1) Employ any device, scheme or artifice to defraud,
(2) Make any untrue statement of a material fact or omit to state a material fact necessary in order to make statements made, in light of the circumstances under which they were made, not misleading, or
(3) Engage in any act, practice, or course of business which operates as a fraud or deceit upon any person, in connection with the purchase or sale of any security of a State savings association.
(b) Violations of this subpart shall constitute an unsafe or unsound practice within the meaning of section 8 of the Federal Deposit Insurance Act, as amended, 12 U.S.C. 1818.
(c) Nothing in this subpart shall be construed as a limitation on the applicability of section 10(b) of the Exchange Act (15 U.S.C. 78j(b)) or Rule 10b-5 promulgated thereunder (17 CFR 240.10b-5).

## Nearby sections

- [12 C.F.R. § 390.410 (2026) § 390.410   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_410.md)
- [12 C.F.R. § 390.411 (2026) § 390.411   Offering circular requirement.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_411.md)
- [12 C.F.R. § 390.412 (2026) § 390.412   Exemptions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_412.md)
- [12 C.F.R. § 390.413 (2026) § 390.413   Non-public offering.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_413.md)
- [12 C.F.R. § 390.414 (2026) § 390.414   Filing and signature requirements.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_414.md)
- [12 C.F.R. § 390.415 (2026) § 390.415   Effective date.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_415.md)
- [12 C.F.R. § 390.416 (2026) § 390.416   Form, content, and accounting.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_416.md)
- [12 C.F.R. § 390.417 (2026) § 390.417   Use of the offering circular.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_417.md)
- [12 C.F.R. § 390.418 (2026) § 390.418   Escrow requirement.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_418.md)
- [12 C.F.R. § 390.419 (2026) § 390.419   Unsafe or unsound practices.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_419.md)
- [12 C.F.R. § 390.420 (2026) § 390.420   Withdrawal or abandonment.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_420.md)
- [12 C.F.R. § 390.421 (2026) § 390.421   Securities sale report.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_421.md)
- [12 C.F.R. § 390.422 (2026) § 390.422   Public disclosure and confidential treatment.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_422.md)
- [12 C.F.R. § 390.423 (2026) § 390.423   Waiver.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_423.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P390_S390_419. Check the current official text before relying on it. Not legal advice.