Series 7: 14.7.2. Trade Confirmations

14.7.2. Trade Confirmations

At or before a trade’s completion, which means the time at which the trade was settled, brokerage firms on each side of the transaction are required by SEC Rule 10b-10 to provide a written confirmation to their customer. The trade confirmation includes:

• Name of the security

• Whether the security was bought or sold

• Quantity and price of the security

• The date and time of the transaction (or if the transaction is not yet completed, assurance that the time will be provided on request)

• The market or exchange on which the trade was executed (NYSE, Nasdaq, OTC)

• The dollar price and yield of a debt security

• Disclosures about prepayment for transactions involving asset-backed securities

• Whe