Mo. Code Regs. tit. 15 § 30-51.110

Current through Register Vol. 49, No. 21, November 1, 2024.

Section 15 CSR 30-51.110 - Confirmations

PURPOSE: This rule requires broker-dealers to confirm transactions in customers' securities.

(1) Confirmations by broker-dealers of all purchases and sales of securities and notices of all other debits and credits for securities, cash and other items for the account of customers, officers, agents, partners and employees shall be given or sent to those persons at or before completion of each transaction, disclosing at least the following:

(A) The account for which entered;

(B) Instructions, terms and conditions, whether executed or unexecuted;

(C) Date of execution of transaction. (Time of trade shall be furnished upon request.);

(D) Whether the broker-dealer is acting for its own account, as agent for some other person, or as an agent for both customer and some other person;

(E) If a broker-dealer is acting as agent for the customer, the following additional information or a statement that same will be furnished upon request:

1. The name of the person from whom the security was purchased, or to whom it was sold, and date and time the transaction occurred;

2. Source and amount of commission or remuneration received or to be received in connection with that transaction; and

(F) Name or identification number of agent handling transaction.

15 CSR 30-51.110

AUTHORITY: sections 409.4-411(c) and 409.6-605, RSMo Supp. 2003.* Original rule filed June 25, 1968, effective Aug. 1, 1968. Amended: Filed May 21, 1969, effective Aug. 1, 1969. Amended: Filed July 21, 1972, effective Aug. 1, 1972. Amended: Filed Nov. 15, 1974, effective Nov. 25, 1974. Emergency amendment filed Aug. 27, 2003, effective Sept. 12, 2003, expired March 9, 2004. Amended: Filed Aug. 28, 2003, effective Feb. 29, 2004.

*Original authority: 409.4-411, RSMo 2003; 409.6-605, RSMo 2003.