PART A.3 - SECURITY USAGE RESTRICTIONS AND CORRECTING SEGREGATION DEFICIENCIES

4325. Client declared short sales segregation deficiency

Or jump to a Series:

    1. A Dealer Member that determines it has a client declared short sale segregation deficiency must:

      1. borrow the same issue of securities to cover the deficiency within the business day following the day it determines the deficiency exists, or

      2. undertake to buy-in the same issue of securities within five business days following the day it determines the deficiency exists.

    There is no history log for this rule.

    There is no history log for this rule.