Are we required to disclose the market value or is the disclosing of the par value sufficient?

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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.

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.

Try here:

http://www.msrb.org/MSRB1/rulesandforms/default.asp

Thank you