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#1362195 - 03/23/10 01:15 PM Daily Confirmation Notices for Sweep Accounts
lucyc Offline
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lucyc
Joined: Jul 2007
Posts: 1,072
Are we required to disclose the market value or is the disclosing of the par value sufficient?

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#1362284 - 03/23/10 02:46 PM Re: Daily Confirmation Notices for Sweep Accounts lucyc
lucyc Offline
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lucyc
Joined: Jul 2007
Posts: 1,072
Bump

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#1362467 - 03/23/10 05:53 PM Re: Daily Confirmation Notices for Sweep Accounts lucyc
lucyc Offline
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lucyc
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Bump Bump

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#1362476 - 03/23/10 05:59 PM Re: Daily Confirmation Notices for Sweep Accounts lucyc
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,234
Galveston, TX
Rule G-15:

(3) Par value. The par value of the securities shall be shown, with special requirements for the following securities:

(a) Zero coupon securities. For zero coupon securities, the maturity value of the securities must be shown if it differs from the par value.

(b) Municipal fund securities. For municipal fund securities, in place of par value, the confirmation shall show (i) in the case of a purchase of a municipal fund security by a customer, the total purchase price paid by the customer, exclusive of any commission, and (ii) in the case of a sale or tender for redemption of a municipal fund security by a customer, the total sale price or redemption amount paid to the customer, exclusive of any commission or other charge imposed upon redemption or sale.
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1362564 - 03/23/10 07:22 PM Re: Daily Confirmation Notices for Sweep Accounts rlcarey
lucyc Offline
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lucyc
Joined: Jul 2007
Posts: 1,072
I know you refer to rule g-15 but where can I find the whole regulatory requirement?

I found part Chapter IV Subchapter A- Regulations under Section 15C of the Securities Exchange Act of 1934, 403.5(d)(1)(ii)and 403.5(d)(2)(i) and I thought this addressed what I was looking for but now I'm not so sure based on your information.

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#1362615 - 03/23/10 08:19 PM Re: Daily Confirmation Notices for Sweep Accounts lucyc
rlcarey Offline
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rlcarey
Joined: Jul 2001
Posts: 79,234
Galveston, TX
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#1362768 - 03/24/10 12:40 PM Re: Daily Confirmation Notices for Sweep Accounts rlcarey
lucyc Offline
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lucyc
Joined: Jul 2007
Posts: 1,072
Thank you

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