Achievable SIE

13. Brokerage accounts

13.1. Fundamentals

Trade confirmations

1 min read

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
Price of the security
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.

Trade confirmations

Sent for each individual transaction, separate from account statements
Include key trade details:
- Customer name, account number
- Security, number of shares/units, price
- Date/time, fees/commissions
- Firm’s capacity (agency or principal)
- Accrued interest (for bond trades)

Delivery timing & method

Must be sent at or before completion of transaction (no later than settlement)
Delivered via mail or electronic means

Next | 13.1.3 Customer complaints

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
Price of the security
Date and time of the transaction
Fees and/or commissions
Capacity of firm (agency or principal)
Accrued interest (if applicable for bond trades)

Key points

Trade confirmations

Sent for each individual transaction, separate from account statements
Include key trade details:
- Customer name, account number
- Security, number of shares/units, price
- Date/time, fees/commissions
- Firm’s capacity (agency or principal)
- Accrued interest (for bond trades)

Delivery timing & method

Must be sent at or before completion of transaction (no later than settlement)
Delivered via mail or electronic means

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
Price of the security
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

Sent for each individual transaction, separate from account statements
Include key trade details:
- Customer name, account number
- Security, number of shares/units, price
- Date/time, fees/commissions
- Firm’s capacity (agency or principal)
- Accrued interest (for bond trades)

Delivery timing & method

Must be sent at or before completion of transaction (no later than settlement)
Delivered via mail or electronic means

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
Price of the security
Date and time of the transaction
Fees and/or commissions
Capacity of firm (agency or principal)
Accrued interest (if applicable for bond trades)

Key points

Trade confirmations

Sent for each individual transaction, separate from account statements
Include key trade details:
- Customer name, account number
- Security, number of shares/units, price
- Date/time, fees/commissions
- Firm’s capacity (agency or principal)
- Accrued interest (for bond trades)

Delivery timing & method

Must be sent at or before completion of transaction (no later than settlement)
Delivered via mail or electronic means