3807. Itemized client ledger accounts

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    1. A Dealer Member must maintain ledger accounts (or other records) itemizing separately as to each cash and margin account of every client, all purchases, sales, receipts, deliveries and other trades of securities, futures contracts and futures contract options for such account and all other debits and credits to such account.

    2. When a Dealer Member receives securities and property to margin, guarantee, or secure the trades or contracts of a client’s account, the ledger must contain, at a minimum, the following:

      1. ​​​a description of the securities or property received,

      2. the date when received,

      3. the identity of any deposit institution where such securities or property are segregated,

      4. the dates of deposit and withdrawal from such institutions, and

      5. the date of return of such securities or property to the client or other disposition thereof, together with the facts and circumstances of such other disposition.

    3. When a Dealer Member invests the money, proceeds or funds segregated for the benefit of its clients, the ledger must contain, at a minimum, the following:

      1. the date of the transaction,

      2. the identity of the person or company through or from whom such securities were purchased,

      3. the amount invested,

      4. a description of the securities invested in,

      5. the identity of the deposit institution, other dealer or dealer registered under any securities laws where such securities are deposited,

      6. the date of liquidation or other disposition and the money received on such disposition, and

      7. the identity of the person or company to or through whom such securities were disposed.

    There is no history log for this rule.

    There is no history log for this rule.