Trade confirmations

In addition to account statements, customers receive trade confirmations each time a transaction occurs. A trade confirmation provides the key details of that specific trade, including:

• Customer’s name
• Account number
• Security bought or sold
• Number of shares or units traded
• Date and time of the transaction
• Fees and/or commissions
• Capacity of firm (agency or principal)
• Accrued interest (if applicable for bond trades)

Trade confirmations must be sent at or before the completion of the transaction. In other words, the broker-dealer must send the confirmation no later than the time the trade settles. Like statements, trade confirmations may be delivered by mail or electronically.