Regulatory Notice 11-15

Guidance  on Low-Priced Equity Securities in Customer Margin and Firm Proprietary Accounts

Executive Summary

This Notice provides guidance to firms  on low-priced equity securities in customer margin and firm proprietary accounts.

 

Questions concerning this Notice should be directed to:

 

  • Rudolph Verra, Managing Director, Risk Oversight and Operational Regulation, at (646) 315-8811;
  • Glen Garofalo, Director, Credit Regulation, at (646) 315-8464; or
  • Steve Yannolo, Project Manager, Credit Regulation, at (646) 315-8621.