Series 99: 2.3.2.4 FINRA Count And Verification Requirements

2.3.2.4  FINRA Count and Verification Requirements

Carrying or clearing members who must comply with the quarterly security count rule must make more frequent counts, verifications, and records entries where prudent. In addition, they must receive position statements from their clearing corporations or custodians no less than once a month with respect to the members’ securities held by those entities. The carrying or clearing members must then reconcile those securities and the money balances with their own books and records. The firms must promptly report and resolve any