Series 51: Records Of Agency Transactions

Taken from our Series 51 Online Guide

Records of Agency Transactions

Dealers must prepare a trading ticket or other similar record for each agency order. An agency order is one in which the dealer buys or sells a specific security from another person without acquiring ownership of the security. The record for an agency order must include the following:

  • Any instructions given or received for the purchase or sale
  • Terms and conditions of the order
  • Account for which it is entered
  • Date and time of receipt of the order
  • Price of the order at execution
  • Dat

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