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Rule
01 Responsibility of Personnel Rule 4355 T which prohibits the circulation of rumors extends personal responsibility for its observation to all member organization personnel Those who service accounts those who are handling the member organizations long distance wires and those on the trading desks must in particular exercise a high degree of individual responsibility as their conversations are less likely to receive the same degree of supervisory oversight as written messages Amended by…
Rules
a 01 Reserved 02 Information to be Disclosed Statements of accounts to customers must clearly and prominently disclose on the front of the statement 1 the identity of the introducing and carrying organization and their respective phone numbers for service 1 2 that the carrying organization is a member of SIPC 3 the opening and closing balances for the account 03 Use of Third Party Agents Prior to utilizing a third party agent to prepare andor transmit statements of accounts to customers a…
Rule
01 Automatic Money Market Fund Redemptions Member organizations that establish an automatic money market fund redemption program for customers having both a securities and money fund account wherein the customer may elect to have securities purchases paid for via an automatic liquidation of fund shares will not be required to obtain a customers written authorization provided that 1 written notice is sent to applicable customers which informs them of the existence of such programs and sets forth…
Rule
01 Trading Against Firm Recommendations Reserved 02 Private Sales Reserved 03 Conversions Acquisitions and Changes in Business Activities Member organizations are expected to notify the Exchange when planning important organizational or operational changes such as mergers with or acquisitions of other brokerdealers or the acquisition of a significant electronic data processing system conversion or a change in business activity involving the addition of new product lines such as municipal bonds…
Rule
b 5 OFFICERS 01 Reserved 02 Reserved 03 Reserved 06 Limitations on Principal Executives Principal Executives may be parttime employees subject to the prior approval of the member organization pursuant to Exchange Rule 346e f PRINCIPAL PLACE OF BUSINESS 01 Criteria In order to satisfy the rules requirement that a member organizations principal place of business be maintained within the US at least the following must be located within the US at a definite and manned physical location which is…
Rule
No member or member organization shall 1 Reserved 2 Reserved 3 Reserved 4 Reserved 5 Circulation of rumors Circulate in any manner rumors of a sensational character which might reasonably be expected to affect market conditions on the Exchange Discussion of unsubstantiated information published by a widely circulated public media is not prohibited when its source and unsubstantiated nature are also disclosed Report shall be promptly made to the Exchange of any circumstance which gives reason to…
Rule
a Members and member organizations must furnish the Exchange with all of the profile information required by the Exchanges Electronic Filing Platform EFP and must comply with any Exchange request for such information promptly but in any event not later than thirty days following such request b Members and member organizations must update their required membership profile information promptly but in any event not later than thirty days following any change in such information c Each member and…
Rule
a Each member and member organization shall submit to the Exchange at such times as may be designated in such form and within such time period as may be prescribed such information as the Exchange deems essential for the protection of investors and the public interest b Reserved c Any report filed pursuant to this Rule containing material inaccuracies shall for purposes of this rule be deemed not to have been filed until a corrected copy of the report has been resubmitted Amended by…
Rule
a Except with the permission of the Exchange or as otherwise provided by this paragraph member organizations shall send to their customers statements of account showing security and money positions and entries at least quarterly to all accounts having an entry money or security position during the preceding quarter Quarterly statements need not be sent to a customer pursuant to Rule 409Ta if 1 the customers account is carried solely for the purpose of execution on a Delivery versus…