3963. Supervision of retail options account trading activity

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    1. In addition to IIROC requirements relating to account supervision, the Dealer Member’s policies and procedures must specifically address reviewing option trading activity to detect the following: 

      1. the exceeding of position or exercise limits, and

      2. exposures arising out of uncovered option positions.

    2. Accounts must be selected for review using criteria that provides reasonable assurance of detecting improper trading activity.

    There is no history log for this rule.

    There is no history log for this rule.