4422. Receipt and delivery of securities

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    1. Employees who receive and deliver physical securities must not have access to the Dealer Member’s security records.

    2. The Dealer Member must handle securities in a restricted and secure area.

    3. The receipt and delivery of securities must be promptly and accurately recorded (including certificate numbers, registrations, and coupon numbers).

    4. A Dealer Member using mail service must send negotiable certificates by registered mail.

    5. A Dealer Member must obtain signed receipts from the client or agent for all securities not delivered against payment.

    There is no history log for this rule.

    There is no history log for this rule.