Series 28: Delivery To The Customer’s Agent

Delivery to the Customer’s Agent

No member firm may accept a purchase order for securities transactions where payment or delivery is to be made with the customer’s agent, unless it has received, from the customer prior to accepting the order, the agent’s name and address and the time and account number of the customer on file with the agent. In addition:

• • Each order accepted from the customer must note the fact that it is a payment on delivery (POD) or collect on delivery (COD) transaction.
• • The member firm must deli