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Carolyn's avatar

Actually, a rule and a regulation are not exactly the same thing, although for most practical purposes the terms may be thought to be interchangeable. Breaking a reg is a bigger deal than violating a regulation, which is more formal and, I think, meant to cover more situations. Rules are rescinded more easily. The process for adopting a regulation within an agency is more complex and for a rule, so rules tend to come out more quickly when an issue comes up under a statute. According to AI, a single individual might put out a rule, which would not be the case with a regulation. A rule, at least in the securities area, tends to be more chatty, if you will -- there may be hypotheticals, e.g.

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frankly's avatar

In order to make any new rule you must get rid of two!

Confidentiality protects fools from having their sins exposed. Watch collateral murder. https://collateralmurder.com/

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