Rule 432. Daily Record of Required Margin
This rule is no longer applicable. Incorporated NYSE Rule 432 has been superseded by FINRA Rule 4220. Please consult the appropriate FINRA Rule.
Margin met by liquidation
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The Exchange has not prescribed a form for use in making and maintaining the record.
Individual entries will be deemed a "record" within the meaning of Rule 432(a), and such entries need not be combined and kept as a separate record.
A member organization whose customers' accounts are carried on books located only at its main office should maintain the record at its main office. A member organization whose customers' accounts are carried on books located at two or more offices should keep the record at each of such offices with respect to the customers' accounts carried on the books of such office. The record must be kept available for inspection at the office at which it is maintained.
For the purpose of Rule 432, the term "customer" has the same meaning as in Rule 431(a).
Amendments. February 9, 1968. January 23, 1978. October 7, 1982. September 1, 1987. |