# COMAR 09.03.01.10: COMAR 09.03.01.10. Investments

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_10

## Section

- **Citation:** COMAR 09.03.01.10
- **Heading:** COMAR 09.03.01.10. Investments
- **Jurisdiction:** Maryland
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Code of Maryland Regulations / Title 09 MARYLAND DEPARTMENT OF LABOR / Subtitle 03 COMMISSIONER OF FINANCIAL REGULATION / Chapter 01 Credit Unions / COMAR 09.03.01.10

## Text

A. In this regulation, the following terms have the meanings indicated.
B. Terms Defined.
(1) “Adjusted trading” means any method or transaction used to defer a loss whereby a credit union sells a security to a vendor at a price above its current market price, and simultaneously purchases or commits to purchase from the vendor another security at a price above its current market price.
(2) Options or Futures Contracts.
(a) “Option or futures contracts” means commitment to either buy or sell a security, on or before a future date, at a predetermined price.
(b) “Option or future contract” does not include the subscription for the purchase of initial offering of an investment permitted by Financial Institutions Article §6-705, Annotated Code of Maryland .
(3) “Short sale” means the sale of a security not owned by the seller.
C. A credit union may not engage in adjusted trading.
D. A credit union may not invest in options or futures contracts or engage in short sales.

## Nearby sections

- [COMAR 09.03.01.08 COMAR 09.03.01.08. Real Estate Lending](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_08.md)
- [COMAR 09.03.01.10 COMAR 09.03.01.10. Investments](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_10.md)
- [COMAR 09.03.01.11 COMAR 09.03.01.11. Accounting Procedures and Records Retention](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_11.md)
- [COMAR 09.03.01.14 COMAR 09.03.01.14. Member Business Loans](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_14.md)
- [COMAR 09.03.01.15 COMAR 09.03.01.15. Maximum Loans to a Single Member](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_15.md)
- [COMAR 09.03.01.16 COMAR 09.03.01.16. Reports to the Commissioner of Financial Regulation](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_16.md)
- [COMAR 09.03.01.17 COMAR 09.03.01.17. Boards of Directors — Electronically Conducted Elections](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_17.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_09_03_01_10. Check the current official text before relying on it. Not legal advice.