Customer Confirmations
At or before the completion of any customer transaction, member firms must provide the customer with a written confirmation or notification specifying the details of the trade. This written confirmation must disclose:
- • Date and time of the transaction
- • Name of the security
- • Price of the security
- • Number of shares purchased or sold
- • Whether the broker-dealer was acting in an agency capacity for the customer
- » If the broker-dealer was acting as agent, then the name of the customer and the compensation the broker-dealer will receive from the other party.
- • Whether the broker-dealer was acting in a principal capacity for its own account
- » If acting as a principal, whether the broker-dealer is a market maker in the security
- » If a principal transaction, the reported