3960. Supervision of options accounts

Or jump to a Series:

    1. A Dealer Member that allows trading in options must appoint a designated Supervisor to supervise its options activity. 

    2. The designated Supervisor must have the qualifications and experience required to supervise the Dealer Member’s options activity. 

    3. The Dealer Member must appoint one or more alternate Supervisors if necessary to ensure continuous supervision of its options activity.

    4. An alternate Supervisor must assume all or part of the designated Supervisor’s responsibilities if:

      1. the designated Supervisor is absent or unable to carry out his or her duties, or

      2. a Dealer Member’s trading activity requires additional qualified individuals to supervise the Dealer Member's option contract business.

    There is no history log for this rule.

    There is no history log for this rule.