Certification Regarding Debarment, Suspension, Ineligibility and Voluntary Exclusion Lower Tier Covered Transactions â¬ This certification is required by the regulations implementing Executive Order 12549, Debarment and Suspension, 13 CFR Part 145. The regulations were published as Part VII of the May 26, 1988 Federal Register (pages 19160-19211).
Legal Definition of insolvent. 1  1 : having ceased paying or unable to pay debts as they fall due in the usual course of business â compare bankrupt. 2  2 : having liabilities in excess of a reasonable market value of assets held. 3  3 : insufficient to pay all debts an insolvent estate.
.310 Spreading false rumors regarding solvency of financial institutions. .320 Insolvent broker to accept no money or securities for margin from customer ignorant of broker's insolvency. .330 Broker not to pledge or dispose of customer's securities without customer's consent. .340 Liability of officer, manager, agent, or employee of broker. .350 Repealed, effective January 1, 1975.