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