… business day. (3) The term "customer" means any person for whom securities are purchased or sold or to whom securities are purchased or sold whether on a regular way, when issued, delayed or future delivery basis. It will also include any person for whom securities are held or carried and to or for whom a member extends, arranges or maintains any credit. The term will not include the following: … Act), (D) an investment company registered with the SEC under the Investment Company Act, (E) a state or political subdivision thereof, or (F) a pension or profit sharing plan subject to the Employee Retirement …
… person who is primarily responsible for, and any associated person who reports directly or indirectly to a debt research analyst in connection with, the preparation of the substance of a debt research report, … security or an issuer of a debt security and that provides information reasonably sufficient upon which to base an investment decision, excluding communications that solely constitute an equity research report as … debt securities or issuers: (i) discussions of broad-based indices; (ii) commentaries on economic, political or market conditions; (iii) commentaries on or analyses of particular types of debt securities or …
… … Sanctions … Security Type (ST) … (a) Supervisory System Each member shall establish and maintain a system to supervise the activities of each associated person that is reasonably designed to achieve compliance with applicable securities laws and regulations, and with applicable FINRA rules. Final … Rule. (2) The designation, where applicable, of an appropriately registered principal(s) with authority to carry out the supervisory responsibilities of the member for each type of business in which it engages for …
… thereto, including the aggregate amount of underwriting compensation, are unfair or unreasonable pursuant to this Rule or inconsistent with any By-Law or any rule or regulation of FINRA. (B) Any member acting as a … modified. (C) No member may engage in the distribution or sale of securities in any public offeringrequired to be filed by this Rule, Rule 2310 or Rule 5121 unless: (i) documents and information specified in paragraph … (a)(4) have been filed with FINRA; and (ii) FINRA has provided an opinion that it has no objection to the proposed underwriting terms and arrangements. (2) Offerings Required to be Filed All public offerings …
… Definition of Principal A "principal" is any person associated with a member, including, but not limited to, sole proprietor, officer, partner, manager of office of supervisory jurisdiction, director or other person … associated with a member who is performing functions or carrying out responsibilities that are required to be performed or carried out by a principal under the FINRA rules. The term "actively engaged in the … or securities business" includes the management of, and the implementation of corporate policies related to, such business. The term also includes managerial decision-making authority with respect to the member's …
… securities transaction except in accordance with the requirements of this Rule. (b) Written Notice Prior to participating in any private securities transaction, an associated person shall provide written notice to the member with which he is associated describing in detail the proposed transaction and the person's … person has received or may receive selling compensation, a member which has received notice pursuant to paragraph (b) shall advise the associated person in writing stating whether the member: (A) approves the …
… scope of the relationship with his or her member firm, unless he or she has provided prior written notice to the member, in such form as specified by the member. Passive investments and activities subject to the requirements of Rule 3280 shall be exempted from this requirement. • • • Supplementary Material: … proposed activity will: (1) interfere with or otherwise compromise the registered person's responsibilities to the member and/or the member's customers or (2) be viewed by customers or the public as part of the …
… (ST) … (a) Designation of Chief Compliance Officer(s) Each member shall designate and specifically identify to FINRA on Schedule A of Form BD one or more principals to serve as a chief compliance officer. (b) Annual Certification Requirement Each member shall have its chief … officer(s)) certify annually, 1 as set forth in paragraph (c), that the member has in place processes to establish, maintain, review, test and modify written compliance policies and written supervisory procedures …
… (a) Each member must create and maintain a written business continuity plan identifying procedures relating to an emergency or significant business disruption. Such procedures must be reasonably designed to enable the member to meet its existing obligations to customers. In addition, such procedures must address the member's existing …
… contract under which the holder of the option has the right, in accordance with the terms of the option, to purchase the number of units of the underlying security or to receive a dollar equivalent of the underlying index covered by the option contract. In the case of a "call" … contract under which the holder of the option has the right, in accordance with the terms of the option, to purchase from The Options Clearing Corporation the number of units of the underlying security or receive a …
